# Waratah joining the dots between Ironclad and Consols at Spur

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59

Original source: https://stockhead.com.au/resources/waratah-joining-the-dots-between-ironclad-and-consols-at-spur/

Publisher: stockhead

Original announcement: 2026-09-29T23:28:15.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T01:03:39.973Z

Atlas analysis updated: 2026-09-30T01:03:39.973Z

- Company: Waratah Minerals

- Ticker: WTM

- Exchange: Unavailable

- Region: NSW

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Drill results, Metallurgy

- Extracted: 2026-09-30 01:03:40 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Waratah Minerals has reported significant gold drill results at the Spur project in NSW, with hole IDD001 intersecting multiple structures that suggest a link between the Ironclad and Consols zones. The results include high-grade intercepts and support a broader 6km mineralised corridor. Preliminary metallurgical testwork also shows promising gold recoveries of up to 97%.

Reasoning: Significant drill results from IDD001 and SPD series demonstrate continuity and potential for a large mineralised corridor, supported by solid metallurgical recovery figures.

- Positive factor: Step-Out Extension

- Positive factor: multiple gold-bearing lodes intersected

- Positive factor: strengthens link between Ironclad and Consols

Facts used in scoring: 22

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: IDD001 drilled 230m north of historic Ironclad Mine, outside known footprint.

Evidence · text

> Scout hole IDD001 was drilled about 230m north of the historic Ironclad Mine and outside its known footprint

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 1m at 8.98g/t gold exceeds exceptional threshold for gold.

Evidence · text

> 1m interval grading 8.98g/t from 446m

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recoveries of 89-93% and 90-97% are within exceptional bands for cyanide leaching.

Evidence · text

> returned combined gold recoveries of 89-93%

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

## Drill Results (20)

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-0)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.09
- Grade Unit: g/t
- Intercept: 3 m
- From: 3 m
- To: 6 m
- Intercept Depth: 3 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:3-6

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Shallow near-surface intercept.

Evidence · text

> 3m at 1.09g/t gold from just 3m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-1)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.47
- Grade Unit: g/t
- Intercept: 30 m
- From: 84 m
- To: 114 m
- Intercept Depth: 84 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:84-114

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Broad interval at depth.

Evidence · text

> 30m at 0.47g/t from 84m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-2)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.79
- Grade Unit: g/t
- Intercept: 5 m
- From: 84 m
- To: 114 m
- Intercept Depth: 84 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:84-114

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High-grade sub-interval within the 30m intercept.

Evidence · text

> including 5m at 1.79g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-3)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.92
- Grade Unit: g/t
- Intercept: 37 m
- From: 605 m
- To: 642 m
- Intercept Depth: 605 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:605-642

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Significant deep intercept providing evidence for system continuity.

Evidence · text

> intersected 37m at 0.92g/t gold

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-4)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.78
- Grade Unit: g/t
- Intercept: 14 m
- From: 605 m
- To: 642 m
- Intercept Depth: 605 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:605-642

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Strong high-grade sub-interval.

Evidence · text

> including 14m at 1.78g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-5)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 4.46
- Grade Unit: g/t
- Intercept: 2 m
- From: 605 m
- To: 642 m
- Intercept Depth: 605 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:605-642

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Very high grade narrow intercept.

Evidence · text

> and 2m at 4.46g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-6)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 3.12
- Grade Unit: g/t
- Intercept: 7 m
- From: 649 m
- To: 656 m
- Intercept Depth: 649 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:649-656

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High grade intercept in a separate zone.

Evidence · text

> returned 7m at 3.12g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-7)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 4.17
- Grade Unit: g/t
- Intercept: 5 m
- From: 649 m
- To: 656 m
- Intercept Depth: 649 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:649-656

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High grade sub-interval.

Evidence · text

> including 5m at 4.17g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### IDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-8)

Spur · gold

#### Identity

- Hole ID: IDD001
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.22
- Grade Unit: g/t
- Intercept: 4.55 m
- From: 471 m
- To: 475.55 m
- Intercept Depth: 471 m

#### Classification

- Sample Type: drill
- Group ID: IDD001:471-475.55

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Intercept in a probable down-plunge extension.

Evidence · text

> cut 4.55m at 1.22g/t from 471m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD086

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-9)

Spur · gold

#### Identity

- Hole ID: SPD086
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.53
- Grade Unit: g/t
- Intercept: 60.6 m
- From: 26 m
- To: 86.6 m
- Intercept Depth: 26 m

#### Classification

- Sample Type: drill
- Group ID: SPD086:26-86.6

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Broad near-surface interval.

Evidence · text

> returned a broad near-surface interval of 60.6m at 0.53g/t gold from 26m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD086

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-10)

Spur · gold

#### Identity

- Hole ID: SPD086
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.58
- Grade Unit: g/t
- Intercept: 11 m
- From: 26 m
- To: 86.6 m
- Intercept Depth: 26 m

#### Classification

- Sample Type: drill
- Group ID: SPD086:26-86.6

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High-grade sub-interval.

Evidence · text

> including 11m at 1.58g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD086

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-11)

Spur · gold

#### Identity

- Hole ID: SPD086
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 8.18
- Grade Unit: g/t
- Intercept: 1 m
- From: 26 m
- To: 86.6 m
- Intercept Depth: 26 m

#### Classification

- Sample Type: drill
- Group ID: SPD086:26-86.6

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High grade narrow intercept.

Evidence · text

> and 1m at 8.18g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD086

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-12)

Spur · gold

#### Identity

- Hole ID: SPD086
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.12
- Grade Unit: g/t
- Intercept: 14 m
- From: 198 m
- To: 212 m
- Intercept Depth: 198 m

#### Classification

- Sample Type: drill
- Group ID: SPD086:198-212

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Intermediate grade intercept.

Evidence · text

> also hit 14m at 1.12g/t from 198m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD086

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-13)

Spur · gold

#### Identity

- Hole ID: SPD086
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 8.98
- Grade Unit: g/t
- Intercept: 1 m
- From: 446 m
- To: 447 m
- Intercept Depth: 446 m

#### Classification

- Sample Type: drill
- Group ID: SPD086:446-447

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High grade narrow intercept.

Evidence · text

> later returned a 1m interval grading 8.98g/t from 446m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD084

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-14)

Spur · gold

#### Identity

- Hole ID: SPD084
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.52
- Grade Unit: g/t
- Intercept: 47 m
- From: 11 m
- To: 58 m
- Intercept Depth: 11 m

#### Classification

- Sample Type: drill
- Group ID: SPD084:11-58

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Broad intercept.

Evidence · text

> intersected 47m at 0.52g/t from 11m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD084

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-15)

Spur · gold

#### Identity

- Hole ID: SPD084
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.1
- Grade Unit: g/t
- Intercept: 7.8 m
- From: 11 m
- To: 58 m
- Intercept Depth: 11 m

#### Classification

- Sample Type: drill
- Group ID: SPD084:11-58

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High-grade sub-interval.

Evidence · text

> including 7.8m at 1.1g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD084

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-16)

Spur · gold

#### Identity

- Hole ID: SPD084
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 4.44
- Grade Unit: g/t
- Intercept: 1 m
- From: 11 m
- To: 58 m
- Intercept Depth: 11 m

#### Classification

- Sample Type: drill
- Group ID: SPD084:11-58

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High grade narrow intercept.

Evidence · text

> and 1m at 4.44g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD084

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-17)

Spur · gold

#### Identity

- Hole ID: SPD084
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.66
- Grade Unit: g/t
- Intercept: 35.03 m
- From: 218.97 m
- To: 254 m
- Intercept Depth: 218.97 m

#### Classification

- Sample Type: drill
- Group ID: SPD084:218.97-253.99999999999997

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Broad intercept supporting continuity.

Evidence · text

> returned 35.03m at 0.66g/t from 218.97m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### SPD084

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-18)

Spur · gold

#### Identity

- Hole ID: SPD084
- Project: Spur
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.15
- Grade Unit: g/t
- Intercept: 13.03 m
- From: 218.97 m
- To: 254 m
- Intercept Depth: 218.97 m

#### Classification

- Sample Type: drill
- Group ID: SPD084:218.97-253.99999999999997

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: High-grade sub-interval.

Evidence · text

> including 13.03m at 1.15g/t

#### Tags used in scoring

**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: qaqc\_disclosed is 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

### Consols\_Best

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-drill-facts-19)

Consols · gold

Needs review: ungrounded

#### Identity

- Hole ID: Consols\_Best
- Project: Consols
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 7.27
- Grade Unit: g/t
- Intercept: 46 m
- From: 541 m
- To: 587 m
- Intercept Depth: 541 m

#### Classification

- Sample Type: drill
- Group ID: Consols\_Best:541-587

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Best reported Spur intersection to date.

Evidence · text

> 46m at 7.27g/t gold from 541m

#### Tags used in scoring

**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: qaqc\_disclosed is 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

## Metallurgical Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-metallurgical-facts-20)

gold

#### Identity

- Commodity: gold
- Ticker: WTM

#### Test Work

- Processing Route: gravity recovery followed by conventional cyanide leaching
- Sample: Consols material, gravity recovery followed by conventional cyanide leaching

#### Recovery

- Recovery: 91 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Combined gold recoveries of 89-93% reported.

- Positive factor: High recovery

Evidence · text

> returned combined gold recoveries of 89-93%

#### Tags used in scoring

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-joining-the-dots-between-ironclad-and-consols-at-spur--d5835639-4808-497b-9974-8f5a31161f59#fact-metallurgical-facts-21)

gold

#### Identity

- Commodity: gold
- Ticker: WTM

#### Test Work

- Sample: Spur Zone material

#### Recovery

- Recovery: 93.5 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Earlier Spur Zone work returned 90-97%.

- Positive factor: High recovery

Evidence · text

> earlier Spur Zone work returned 90-97%

## 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.