# TMS: Drilling Commences Testing Major Extensions of Bluebird

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150334

Publisher: asx

Original announcement: 2026-10-08T21:14:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-08T22:12:14.989Z

Atlas analysis updated: 2026-10-08T22:12:14.989Z

- Company: Tennant Minerals Limited

- Ticker: TMS

- Exchange: ASX

- Region: Northern Territory

- Primary commodity: Copper

- Secondary commodities: Gold, Bismuth, Silver

- Document categories: Other, Resource update, Drill results

- Extracted: 2026-10-08 22:12:15 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Tennant Minerals Limited has commenced a multi-stage diamond drilling program at its Bluebird copper-gold-bismuth deposit in the Northern Territory, targeting major extensions and repetitions of the high-grade mineralization. This program follows detailed structural targeting and geophysical modelling, which identified a 1.5km strike-length structural corridor with potential to expand the mineralisation footprint by more than 10-fold, similar in scale to the Warrego deposit. The first diamond drillhole is testing a target 60m west of existing drilling, with further step-outs planned.

Reasoning: The company has commenced a new drilling program based on detailed structural and geophysical modelling, targeting significant extensions of the Bluebird deposit with potential for a Warrego-scale discovery. While no new results are presented, the strategic nature of the program and the scale of the target are positive.

- Positive factor: new\_drilling\_program\_commenced

- Positive factor: targeting\_major\_extensions

- Positive factor: warrego\_scale\_target\_identified

- Positive factor: potential\_for\_significant\_expansion

- Positive factor: detailed\_structural\_targeting\_and\_geophysical\_modelling\_completed

- Negative factor: no\_new\_drill\_results

- Negative factor: mre\_is\_historical

- Negative factor: metallurgical\_work\_mentioned\_is\_historical\_or\_planned

Facts used in scoring: 23

## Classification and evidence

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The Mineral Resource Estimate was compiled under the JORC 2012 reporting guidelines.

Evidence · text

> Mineral Resource Estimate was compiled for the Bluebird Deposit in October 2025 under the ‘Joint Ore Reserves Committee’ \(JORC\) 2012 reporting guidelines

**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: Mr Chris Ramsay, General Manager of Geology at Tennant Minerals Ltd and a Fellow of the AusIMM, consents to the inclusion of information in this report.

Evidence · text

> The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled and/or reviewed by Mr Chris Ramsay. Mr Ramsay is the General Manager of Geology at Tennant Minerals Ltd and a Fellow of the Australian Institute of Mining and Metallurgy \(‘Fausi MM’\).

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The Mineral Resource Estimate table explicitly states a 0.3% Copper cut-off.

Evidence · text

> Bluebird Mineral Resource Estimate by Classification October 2025 \(0.3% Copper cut-off\)

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The document repeatedly compares the target footprint to the Warrego deposit, stating it is 'similar in scale' and 'could contain a repeat'.

Evidence · text

> similar in scale to the 4.3MozEq\* endowed Warrego deposit

**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 Estimate presented is from October 2025, making it over a year old at the time of this announcement \(October 2026\).

Evidence · text

> Mineral Resource Estimate was compiled for the Bluebird Deposit in October 2025

**Stale Data Re-release**

Polarity: negative

Story-specific tag

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The document references several historical drill intercepts from 2023 and 2026 as context for the new drilling program, without presenting new assay results.

Evidence · text

> Previous, exceptional intersections within this westerly plunging zone include: - 24m @ 11.8g/t Au, 0.66% Cu, incl. 5.7m @ 49.3 g/t Au, 0.74% Cu in BBDD00215

**Step-Out Extension**

Polarity: positive

Story-specific tag

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The new drilling program is explicitly described as testing for extensions and repetitions, with the first drillhole being a 60m step-out.

Evidence · text

> new drilling program testing for major extensions/repeats of the Bluebird high-grade copper-gold-bismuth deposit

## Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

## Drill Results (15)

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-0)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 4
- Grade Unit: g/t
- Intercept: 18 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 10
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade gold intercept from BBDD0050, part of the context for the new drilling program.

- Positive factor: high\_grade

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 18m @ 10.0g/t AuEq\*\(4.0g/t Au, 1.9% Cu, 0.9% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-1)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 1.9
- Grade Unit: %
- Intercept: 18 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 10
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade copper intercept from BBDD0050, part of the context for the new drilling program.

- Positive factor: high\_grade

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 18m @ 10.0g/t AuEq\*\(4.0g/t Au, 1.9% Cu, 0.9% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-2)

Bluebird East · bismuth

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: bismuth
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 0.9
- Grade Unit: %
- Intercept: 18 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 10
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade bismuth intercept from BBDD0050, part of the context for the new drilling program.

- Positive factor: high\_grade

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 18m @ 10.0g/t AuEq\*\(4.0g/t Au, 1.9% Cu, 0.9% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-3)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 15.4
- Grade Unit: g/t
- Intercept: 4.55 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 34.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade gold sub-interval from BBDD0050, highlighting high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 4.55m @ 34.3g/t AuEq\*\(15.4g/t Au, 4.0% Cu, 3.5% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-4)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 4
- Grade Unit: %
- Intercept: 4.55 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 34.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade copper sub-interval from BBDD0050, highlighting high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 4.55m @ 34.3g/t AuEq\*\(15.4g/t Au, 4.0% Cu, 3.5% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0050

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-5)

Bluebird East · bismuth

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0050
- Project: Bluebird East
- Commodity: bismuth
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 3.5
- Grade Unit: %
- Intercept: 4.55 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 34.3
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-12T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade bismuth sub-interval from BBDD0050, highlighting high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 4.55m @ 34.3g/t AuEq\*\(15.4g/t Au, 4.0% Cu, 3.5% Bi\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0021

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-6)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0021
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 11.8
- Grade Unit: g/t
- Intercept: 24 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-03-07T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade gold intercept from BBDD0021, providing context for the new drilling program.

- Positive factor: high\_grade

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 24m @ 11.8g/t Au, 0.66% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0021

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-7)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0021
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 0.66
- Grade Unit: %
- Intercept: 24 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-03-07T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical copper intercept from BBDD0021, providing context for the new drilling program.

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 24m @ 11.8g/t Au, 0.66% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0021

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-8)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0021
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 49.3
- Grade Unit: g/t
- Intercept: 5.7 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-03-07T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade gold sub-interval from BBDD0021, demonstrating high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 5.7m @ 49.3 g/t Au, 0.74% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0021

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-9)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0021
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 0.74
- Grade Unit: %
- Intercept: 5.7 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-03-07T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical copper sub-interval from BBDD0021, demonstrating high-grade potential.

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 5.7m @ 49.3 g/t Au, 0.74% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0018

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-10)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0018
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 6.8
- Grade Unit: g/t
- Intercept: 30.5 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-02-08T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade gold intercept from BBDD0018, providing context for the new drilling program.

- Positive factor: high\_grade

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 30.5m @ 6.8 g/t Au, 6.2% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0018

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-11)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0018
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 6.2
- Grade Unit: %
- Intercept: 30.5 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-02-08T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade copper intercept from BBDD0018, providing context for the new drilling program.

- Positive factor: bonanza\_intercept

- Positive factor: significant\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 30.5m @ 6.8 g/t Au, 6.2% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0018

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-12)

Bluebird East · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0018
- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 11.5
- Grade Unit: g/t
- Intercept: 17.8 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-02-08T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade gold sub-interval from BBDD0018, demonstrating high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 17.8m @ 11.5 g/t Au, 5.2% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### BBDD0018

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-13)

Bluebird East · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBDD0018
- Project: Bluebird East
- Commodity: copper
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 5.2
- Grade Unit: %
- Intercept: 17.8 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-02-08T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical bonanza-grade copper sub-interval from BBDD0018, demonstrating high-grade potential.

- Positive factor: bonanza\_intercept

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

Evidence · text

> 17.8m @ 11.5 g/t Au, 5.2% Cu

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 15

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-drill-facts-14)

Bluebird East · gold

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Bluebird East
- Commodity: gold
- Region: australia\_nt
- Reported Region: australia\_nt
- Ticker: TMS

#### Geometry

- Grade: 8.2
- Grade Unit: g/t
- Intercept: 1.5 m

#### Classification

- Sample Type: drill

#### Location

- Location: Perseverance magnetic zone
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical high-grade gold intersection in the hanging-wall of the Perseverance magnetic zone, indicating potential.

- Positive factor: high\_grade

- Negative factor: stale\_data\_re\_release

- Negative factor: narrow\_width

Evidence · text

> 1.5m @ 8.2 g/t Au2

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## Resource Estimates (8)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-15)

Bluebird · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: copper
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:51707f1c4ce769bae29c

#### Resource Data

- Category: indicated
- Tonnes: 1070000
- Grade: 1.43
- Grade Unit: %
- Contained Metal: 15400
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 3.43
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Indicated Copper resource from October 2025 MRE.

- Positive factor: indicated\_resource

- Negative factor: stale\_estimate

Evidence · table

> 1.43

Context: 1,070,000

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-16)

Bluebird · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:51707f1c4ce769bae29c

#### Resource Data

- Category: indicated
- Tonnes: 1070000
- Grade: 1.26
- Grade Unit: g/t
- Contained Metal: 43500
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 3.43
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Indicated Gold resource from October 2025 MRE.

- Positive factor: indicated\_resource

- Negative factor: stale\_estimate

Evidence · table

> 1.26

Context: 1,070,000

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-17)

Bluebird · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:51707f1c4ce769bae29c

#### Resource Data

- Category: indicated
- Tonnes: 1070000
- Grade: 3.47
- Grade Unit: g/t
- Contained Metal: 119300
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 3.43
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Indicated Silver resource from October 2025 MRE.

- Positive factor: indicated\_resource

- Negative factor: stale\_estimate

Evidence · table

> 3.47

Context: 1,070,000

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-18)

Bluebird · bismuth

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: bismuth
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:51707f1c4ce769bae29c

#### Resource Data

- Category: indicated
- Tonnes: 1070000
- Grade: 824
- Grade Unit: g/t
- Contained Metal: 882
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 3.43
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Indicated Bismuth resource from October 2025 MRE.

- Positive factor: indicated\_resource

- Negative factor: stale\_estimate

Evidence · table

> 824

Context: 1,070,000

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-19)

Bluebird · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: copper
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:de0b05bac5891add31ef

#### Resource Data

- Category: inferred
- Tonnes: 510000
- Grade: 1.02
- Grade Unit: %
- Contained Metal: 5200
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 2.08
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Inferred Copper resource from October 2025 MRE.

- Positive factor: inferred\_resource

- Negative factor: stale\_estimate

Evidence · table

> 1.02

Context: 510,000

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-20)

Bluebird · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:de0b05bac5891add31ef

#### Resource Data

- Category: inferred
- Tonnes: 510000
- Grade: 0.57
- Grade Unit: g/t
- Contained Metal: 9400
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 2.08
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Inferred Gold resource from October 2025 MRE.

- Positive factor: inferred\_resource

- Negative factor: stale\_estimate

Evidence · table

> 0.57

Context: 510,000

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-21)

Bluebird · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:de0b05bac5891add31ef

#### Resource Data

- Category: inferred
- Tonnes: 510000
- Grade: 0.99
- Grade Unit: g/t
- Contained Metal: 16300
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 2.08
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Inferred Silver resource from October 2025 MRE.

- Positive factor: inferred\_resource

- Negative factor: stale\_estimate

Evidence · table

> 0.99

Context: 510,000

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/tms-drilling-commences-testing-major-extensions-of-bluebird--48fa23d0-76b4-44b5-af8a-a81a1022c066#fact-resource-facts-22)

Bluebird · bismuth

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Bluebird
- Commodity: bismuth
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TMS

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Ramsay
- Resource group id: resource:de0b05bac5891add31ef

#### Resource Data

- Category: inferred
- Tonnes: 510000
- Grade: 871
- Grade Unit: g/t
- Contained Metal: 444
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-10-01

#### Metal Equivalent

- Metal Eq. Grade: 2.08
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-10-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: Historical Inferred Bismuth resource from October 2025 MRE.

- Positive factor: inferred\_resource

- Negative factor: stale\_estimate

Evidence · table

> 871

Context: 510,000

#### 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

## 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.