# Waratah stretches Consols and finds new shallow high-grade gold zone Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5 Original source: https://stockhead.com.au/resources/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone/ Publisher: stockhead Original announcement: 2026-08-25T04:06:11.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Waratah Minerals - Ticker: WTM - Exchange: Unavailable - Region: NSW - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-08-25 05:04:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Waratah Minerals has extended the Consols gold system at the Spur project by approximately 75m and intersected a new shallow gold zone. The drilling campaign also reported several high-grade intercepts and expanded the mineralised footprint in multiple directions. Reasoning: Significant step-out drilling success extending the Consols system and identifying a new shallow target with high-grade intercepts. - Positive factor: Step-out extension of known mineralisation - Positive factor: Discovery of new shallow gold zone - Positive factor: High-grade intercepts including bonanza-style grades - Positive factor: Extension of mineralised footprint north and east Facts used in scoring: 23 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: SPD074 extended Consols about 75m east and down plunge. Evidence · text > Waratah has extended the Consols gold system **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 1m at 13.23g/t and 1m at 15.29g/t are exceptionally high grade. Evidence · text > 1m at 13.23g/t ## Extracted facts Stored fact records: 23. Some facts used in scoring do not have a stored record. ## Drill Results (23) ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-0) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 1.35 - Grade Unit: g/t - Intercept: 12.7 m - From: 44 m - To: 56.7 m #### Classification - Sample Type: drill - Group ID: SPD074:44.0-56.7 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: New shallow gold zone intersection. - Positive factor: New shallow zone discovery Evidence · text > SPD074 intersected the new shallow zone from 44m downhole, returning 12.7m at 1.35g/t Au ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-1) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 3.24 - Grade Unit: g/t - Intercept: 5 m #### Classification - Sample Type: drill - Group ID: SPD074:44.0-56.7 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval within the shallow zone. - Positive factor: High grade sub-interval Evidence · text > including 5m at 3.24g/t ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-2) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 13.23 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: drill - Group ID: SPD074:44.0-56.7 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Very high grade narrow intercept. - Positive factor: Bonanza intercept Evidence · text > and 1m at 13.23g/t ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-3) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 1.45 - Grade Unit: g/t - Intercept: 21 m - From: 489 m #### Classification - Sample Type: drill - Group ID: SPD074:489.0-510.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Deeper intersection. - Positive factor: Significant width Evidence · text > 21m at 1.45g/t Au from 489m ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-4) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 2.5 - Grade Unit: g/t - Intercept: 10.67 m #### Classification - Sample Type: drill - Group ID: SPD074:489.0-510.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval within deeper intersection. - Positive factor: High grade sub-interval Evidence · text > included 10.67m at 2.50g/t ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-5) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 2.12 - Grade Unit: g/t - Intercept: 23.5 m - From: 563 m #### Classification - Sample Type: drill - Group ID: SPD074:563.0-586.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Deeper intersection. - Positive factor: Significant width Evidence · text > 23.5m at 2.12g/t from 563m ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-6) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 3.46 - Grade Unit: g/t - Intercept: 9.82 m #### Classification - Sample Type: drill - Group ID: SPD074:563.0-586.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval within deeper intersection. - Positive factor: High grade sub-interval Evidence · text > included 9.82m at 3.46g/t ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-7) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.94 - Grade Unit: g/t - Intercept: 185 m - From: 646 m #### Classification - Sample Type: drill - Group ID: SPD074:646.0-831.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Very wide, lower grade intercept. - Positive factor: Large width Evidence · text > 185m at 0.94g/t from 646m ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-8) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 2.33 - Grade Unit: g/t - Intercept: 20 m - From: 760 m #### Classification - Sample Type: drill - Group ID: SPD074:760.0-780.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval within the 185m intercept. - Positive factor: High grade sub-interval Evidence · text > included 20m at 2.33g/t from 760m ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-9) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.98 - Grade Unit: g/t - Intercept: 74.9 m - From: 845.1 m #### Classification - Sample Type: drill - Group ID: SPD074:845.1-919.9 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Wide, lower grade intercept. - Positive factor: Large width Evidence · text > 74.9m at 0.98g/t from 845.1m ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-10) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 1.51 - Grade Unit: g/t - Intercept: 28 m #### Classification - Sample Type: drill - Group ID: SPD074:845.1-919.9 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval within the 74.9m intercept. - Positive factor: High grade sub-interval Evidence · text > included 28m at 1.51g/t ### SPD074 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-11) Spur · gold #### Identity - Hole ID: SPD074 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 6.41 - Grade Unit: g/t - Intercept: 3 m #### Classification - Sample Type: drill - Group ID: SPD074:845.1-919.9 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade narrow intercept. - Positive factor: High grade sub-interval Evidence · text > and 3m at 6.41g/t ### SPD076 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-12) Spur · gold #### Identity - Hole ID: SPD076 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 1.12 - Grade Unit: g/t - Intercept: 6 m - From: 123 m #### Classification - Sample Type: drill - Group ID: SPD076:123.0-129.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Step-out drilling in Spur Zone. - Positive factor: High grade sub-interval Evidence · text > intersected 6m at 1.12g/t Au from 123m ### SPD076 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-13) Spur · gold #### Identity - Hole ID: SPD076 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 3.18 - Grade Unit: g/t - Intercept: 2 m #### Classification - Sample Type: drill - Group ID: SPD076:123.0-129.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval. - Positive factor: High grade sub-interval Evidence · text > with higher-grade intervals of 2m at 3.18g/t ### SPD076 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-14) Spur · gold #### Identity - Hole ID: SPD076 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 5.12 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: drill - Group ID: SPD076:123.0-129.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade narrow intercept. - Positive factor: High grade sub-interval Evidence · text > and 1m at 5.12g/t ### SPD088 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-15) Spur · gold #### Identity - Hole ID: SPD088 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.78 - Grade Unit: g/t - Intercept: 5.7 m - From: 27 m #### Classification - Sample Type: drill - Group ID: SPD088:27.0-32.7 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Step-out drilling in Spur Zone. Evidence · text > returning 5.7m at 0.78g/t Au from 27m ### SPD088 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-16) Spur · gold #### Identity - Hole ID: SPD088 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.45 - Grade Unit: g/t - Intercept: 190 m - From: 419 m #### Classification - Sample Type: drill - Group ID: SPD088:419.0-609.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Very wide, low grade intercept. - Positive factor: Large width Evidence · text > and 190m at 0.45g/t from 419m ### SPD060A [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-17) Spur · gold #### Identity - Hole ID: SPD060A - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.73 - Grade Unit: g/t - Intercept: 44 m - From: 412 m #### Classification - Sample Type: drill - Group ID: SPD060A:412.0-456.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Up-dip drilling in Spur Zone. - Positive factor: Large width Evidence · text > returned 44m at 0.73g/t gold from 412m ### SPD060A [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-18) Spur · gold #### Identity - Hole ID: SPD060A - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 2.17 - Grade Unit: g/t - Intercept: 11 m #### Classification - Sample Type: drill - Group ID: SPD060A:412.0-456.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval. - Positive factor: High grade sub-interval Evidence · text > including standout hits of 11m at 2.17g/t ### SPD060A [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-19) Spur · gold #### Identity - Hole ID: SPD060A - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 5.28 - Grade Unit: g/t - Intercept: 4 m #### Classification - Sample Type: drill - Group ID: SPD060A:412.0-456.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade sub-interval. - Positive factor: High grade sub-interval Evidence · text > 4m at 5.28g/t ### SPD060A [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-20) Spur · gold #### Identity - Hole ID: SPD060A - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 15.29 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: drill - Group ID: SPD060A:412.0-456.0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Very high grade narrow intercept. - Positive factor: Bonanza intercept Evidence · text > and 1m at 15.29g/t ### SPD081 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-21) Spur · gold #### Identity - Hole ID: SPD081 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 0.93 - Grade Unit: g/t - Intercept: 29.43 m - From: 580 m #### Classification - Sample Type: drill - Group ID: SPD081:580.0-609.43 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: Expansion of mineralised envelope. - Positive factor: Significant width Evidence · text > delivering 29.43m at 0.93g/t gold from 580m ### SPD081 [Link to this fact](https://atlas-staging.minestarters.com/news/waratah-stretches-consols-and-finds-new-shallow-high-grade-gold-zone--3ff492b6-5f4c-4c36-8486-7c6d4ff794c5#fact-drill-facts-22) Spur · gold #### Identity - Hole ID: SPD081 - Project: Spur - Commodity: gold - Ticker: WTM #### Geometry - Grade: 2.49 - Grade Unit: g/t - Intercept: 7.43 m #### Classification - Sample Type: drill - Group ID: SPD081:580.0-609.43 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-25T00:00:00.000Z Reasoning: High grade core within intercept. - Positive factor: High grade sub-interval Evidence · text > including a higher-grade core of 7.43m at 2.49g/t ## 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.