# TXR: Investor Presentation - September 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142438 Publisher: asx Original announcement: 2026-09-22T22:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T23:20:02.820Z Atlas analysis updated: 2026-09-22T23:20:02.820Z - Company: Talonx Resources Limited - Ticker: TXR - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Copper, Zinc, Lead, Silver - Document categories: Drill results, Resource update - Extracted: 2026-09-22 23:20:03 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Talonx Resources presented its portfolio featuring the Viking Gold Project in Western Australia and the Kihabe Project in Botswana. Key highlights include a new high-grade gold intercept of 4m @ 22.1 g/t Au at Beaker 2 and a 27 Mt Zn-Pb-Ag mineral resource at Kihabe. Reasoning: The presentation highlights a significant new high-grade gold intercept at Beaker 2 and summarizes a large existing base-metal resource at Kihabe. - Positive factor: High-grade gold intercept at Beaker 2 - Positive factor: Existing 27 Mt Zn-Pb-Ag resource at Kihabe - Positive factor: Proven copper mineralisation at Kihabe Facts used in scoring: 9 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 42.4 g/t Au is exceptionally high grade for an orogenic gold system. Evidence · text > 2m @ 42.4 g/t Au **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Kihabe resource is described as a 2012 JORC resource without explicit category breakdown in the summary, implying early stage/inferred status. Evidence · text > 27 Mt JORC \(2012\) Zn–Pb–Ag Mineral Resource ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### 26VKRC010 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-0) Viking · gold #### Identity - Hole ID: 26VKRC010 - Project: Viking - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TXR #### Geometry - Grade: 22.1 - Grade Unit: g/t - Intercept: 4 m - From: 31 m - To: 35 m - Intercept Depth: 31 m #### Classification - Program: resource - Sample Type: drill - Group ID: 26VKRC010:31-35 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Strong gold grade of 22.1 g/t over 4m. - Positive factor: High-grade intercept Evidence · text > 4m @ 22.1 g/t Au from 31m #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26VKRC010 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-1) Viking · gold #### Identity - Hole ID: 26VKRC010 - Project: Viking - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TXR #### Geometry - Grade: 42.4 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Intercept Depth: 32 m #### Classification - Program: resource - Sample Type: drill - Group ID: 26VKRC010:32-34 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Exceptional high-grade intercept of 42.4 g/t Au. - Positive factor: Bonanza grade Evidence · text > 2m @ 42.4 g/t Au from 32m #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-2) Kihabe · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kihabe - Commodity: copper - Region: botswana - Reported Region: botswana - Ticker: TXR #### Geometry - Grade: 1.04 - Grade Unit: % - Intercept: 7 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical copper intercept reported. - Positive factor: Historical copper intersection Evidence · text > 7m @ 1.04% 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 4 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-3) Kihabe · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kihabe - Commodity: copper - Region: botswana - Reported Region: botswana - Ticker: TXR #### Geometry - Grade: 0.67 - Grade Unit: % - Intercept: 6.5 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical copper intercept reported. Evidence · text > 6.5m @ 0.67% 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 5 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-4) Kihabe · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kihabe - Commodity: copper - Region: botswana - Reported Region: botswana - Ticker: TXR #### Geometry - Grade: 0.43 - Grade Unit: % - Intercept: 18 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical copper intercept reported. Evidence · text > 18m @ 0.43% 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 6 [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-drill-facts-5) Kihabe · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kihabe - Commodity: copper - Region: botswana - Reported Region: botswana - Ticker: TXR #### Geometry - Grade: 2.45 - Grade Unit: % - Intercept: 1 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: High grade historical copper intercept. - Positive factor: High grade historical intercept Evidence · text > 1m @ 2.45% 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 ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-resource-facts-6) Kihabe Project · zinc #### Identity - Project: Kihabe Project - Commodity: zinc - Region: botswana - Reported Region: Botswana - Ticker: TXR #### Resource scope - Estimate type: resource - Resource group id: resource:1ae9c662d19c7e7945f0 #### Resource Data - Category: inferred - Tonnes: 27000000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: 27 Mt Zn-Pb-Ag resource reported. - Positive factor: Large tonnage resource Evidence · text > 27 Mt JORC \(2012\) Zn–Pb–Ag Mineral Resource #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-resource-facts-7) Kihabe Project · lead #### Identity - Project: Kihabe Project - Commodity: lead - Region: botswana - Reported Region: Botswana - Ticker: TXR #### Resource scope - Estimate type: resource - Resource group id: resource:1ae9c662d19c7e7945f0 #### Resource Data - Category: inferred - Tonnes: 27000000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Part of the 27 Mt Zn-Pb-Ag resource. Evidence · text > 27 Mt JORC \(2012\) Zn–Pb–Ag Mineral Resource #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/txr-investor-presentation-september-2026--cf123308-d139-4172-ba4e-11e0ab458676#fact-resource-facts-8) Kihabe Project · silver #### Identity - Project: Kihabe Project - Commodity: silver - Region: botswana - Reported Region: Botswana - Ticker: TXR #### Resource scope - Estimate type: resource - Resource group id: resource:1ae9c662d19c7e7945f0 #### Resource Data - Category: inferred - Tonnes: 27000000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Part of the 27 Mt Zn-Pb-Ag resource. Evidence · text > 27 Mt JORC \(2012\) Zn–Pb–Ag Mineral Resource #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.