# TRM: Westminster Project Update

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/trm-westminster-project-update--75d72775-0d8a-4d58-a387-683beb48e462

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150903

Publisher: asx

Original announcement: 2026-10-11T21:20:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-11T22:25:21.078Z

Atlas analysis updated: 2026-10-11T22:25:21.078Z

- Company: Truscott Mining Corporation Limited

- Ticker: TRM

- Exchange: ASX

- Region: Northern Territory

- Primary commodity: Gold

- Secondary commodities: Copper, Bismuth, Iron ore

- Document categories: Other, Resource update

- Extracted: 2026-10-11 22:25:21 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Truscott Mining is planning a 3,000–4,000 metre diamond drilling program for FY2027 at the Westminster Gold Project to support a JORC 2012 resource update. The company is also progressing stakeholder engagement with Traditional Owners and the Barkly Regional Council in the Tennant Creek Mineral Field.

Reasoning: The announcement provides a project update regarding upcoming drilling and a JORC 2012 resource update rather than new technical results.

- Positive factor: Planned drilling program of 3,000-4,000m to support resource growth

- Positive factor: High-grade historical resource context \(25.6 g/t Au\)

- Positive factor: Engagement with Traditional Owners and local council

- Positive factor: Appointment of independent consultancy Rose Mining Geology for JORC update

- Negative factor: No new assay results reported in this release

- Negative factor: Resource update is still in progress and pending drilling completion

Facts used in scoring: 1

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an ongoing JORC 2012 update of the Westminster Mineral Resource Estimate.

Evidence · text

> JORC 2012 update of the Westminster Mineral Resource Estimate progressing with finalisation expected following completion of the drilling program.

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The resource figures provided for Orebody One are from a JORC 2004 estimate dated 2011.

Evidence · text

> The historical Mineral Resource Estimate of Orebody One within Westminster contains 111,330t @ 25.6 g/t Au for 91,750oz \(JORC 2004\)

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/trm-westminster-project-update--75d72775-0d8a-4d58-a387-683beb48e462#fact-resource-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: TRM

#### Resource scope

- Estimate type: resource
- Resource group id: resource:45b42eb5c9d81c9e4498
- Deposit or zone: Orebody One
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 111330
- Grade: 25.6
- Grade Unit: g/t
- Contained Metal: 91750
- Contained Unit: oz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-06-30T00:00:00.000Z

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Historical resource estimate for Orebody One restated from 2011 announcement.

- Positive factor: High grade of 25.6 g/t Au

- Negative factor: Historical JORC 2004 standard

Evidence · text

> The historical Mineral Resource Estimate of Orebody One within Westminster contains 111,330t @ 25.6 g/t Au for 91,750oz \(JORC 2004\)

#### 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 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 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 15.3 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.