# WC8: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146046 Publisher: asx Original announcement: 2026-09-30T01:21:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T02:12:18.309Z Atlas analysis updated: 2026-09-30T02:12:18.309Z - Company: Wildcat Resources Limited - Ticker: WC8 - Exchange: ASX - Region: Pilbara, WA - Primary commodity: Lithium - Secondary commodities: Tantalum, Gold - Document categories: Drill results, Resource update, Metallurgy - Extracted: 2026-09-30 02:12:19 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Wildcat Resources Limited's 2026 Annual Report highlights significant progress on its Tabba Tabba Lithium Project, including advancement of the Definitive Feasibility Study \(DFS\) and the establishment of a maiden Ore Reserve of 46.3Mt at 0.99% Li₂O. The company also reported an extensive greenfields lithium discovery at Bolt Cutter Central, with strong drill intercepts and positive maiden metallurgical testwork results. Additionally, the report details the consolidation of tenure and the signing of a Native Title Agreement for Tabba Tabba, alongside an update on the historical Mt Adrah Gold Project. Reasoning: The annual report details substantial progress on Wildcat's key lithium projects, Tabba Tabba and Bolt Cutter Central, with positive DFS advancements, new drill results, and encouraging metallurgical testwork. The establishment of a maiden Ore Reserve and the upcoming MRE for Bolt Cutter Central signal significant de-risking and growth potential. The signing of a Native Title Agreement further enhances project certainty. - Positive factor: Significant progress on Tabba Tabba DFS, including positive metallurgical testwork and tenure consolidation. - Positive factor: Maiden Ore Reserve for Tabba Tabba demonstrates robust project economics. - Positive factor: Extensive lithium discovery at Bolt Cutter Central with strong drill intercepts and positive maiden metallurgical results. - Positive factor: Maiden MRE for Bolt Cutter Central targeted for H2 2026, indicating potential for resource growth. - Positive factor: Native Title Agreement signed for Tabba Tabba, de-risking project development. - Negative factor: Mt Adrah gold project MRE is historical \(2019\) and not updated in this report, indicating lower focus. - Negative factor: Some drill intercepts are reported as estimated true width, not explicitly measured. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 81 ## 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 Estimates and Ore Reserve for Tabba Tabba and Mt Adrah are explicitly stated as JORC \(2012\) compliant. Evidence · text > Tabba Tabba Lithium JORC \(2012\) Mineral Resource Estimate **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades for all resource and reserve estimates are clearly stated in the tables and footnotes. Evidence · text > 0.45%Li₂O cut-off grade **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: A significant portion of the Tabba Tabba Lithium MRE \(70.0 Mt\) is classified as Indicated, and the Tabba Tabba Tantalum MRE also has an Indicated component. Evidence · table > Indicated Context: 70.0 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Tabba Tabba Project has a maiden Ore Reserve of 46.3Mt at 0.99% Li₂O classified as Probable. Evidence · table > Probable Context: 36.8 **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The Bolt Cutter Central project is targeting a maiden Mineral Resource Estimate \(MRE\) in the second half of calendar 2026. Evidence · text > targeting a maiden Mineral Resource Estimate \(MRE\) for Bolt Cutter Central in the second half of calendar 2026 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The Tabba Tabba Lithium and Tantalum MREs were updated in November 2024, and the Ore Reserve was completed in July 2025. Evidence · text > inaugural Mineral Resource Estimate of 74.1Mt at 1.0%Li₂O ... in November 2024 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: The Tabba Tabba Project completed its Pre-Feasibility Study \(PFS\) in July 2025, demonstrating robust positive financial metrics. Evidence · text > completed the PFS for the Tabba Tabba Project, demonstrating robust positive financial metrics **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: The company is actively advancing the Definitive Feasibility Study \(DFS\) for the Tabba Tabba Project. Evidence · text > advanced the DFS for the Tabba Tabba Project **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 Mineral Resource for Hobbs Pipe at the Mt Adrah Project was first announced in 2013 and affirmed in 2019, with no new update in this report. Evidence · text > Mineral Resources for Hobbs Pipe at the Mt Adrah Project was first announced by previous owners Sovereign Gold Company Ltd \(ASX Announcement 27 December 2013\) and affirmed by Wildcat when it acquired Mt Adrah as Fraser Range Metals Ltd on 23 August 2019. **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Drill hole TAMT035 returned 9.2m @ 2.6% Li₂O, which is an exceptionally high grade for lithium. Evidence · text > 9.2m @ 2.6%Li₂O from 180.8m **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: Several drill intercepts, such as TAMT031 \(67.0m est. true width\) and TARC435 \(16.4m est. true width\), provide estimated true widths. Evidence · text > 87.0m @ 1.3%Li₂O from 91m \(TAMT031\) \(67.0m est. true width\) **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling at Bolt Cutter Central progressively extended the mineralised footprint to more than 2.3km along strike and up to 800m across strike, remaining open in multiple directions. Evidence · text > drilling had progressively extended the mineralised footprint to more than 2.3km along strike and up to 800m across strike, with the system remaining open in multiple directions **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Many drill intercepts are reported with 'est. true width' or no true width, indicating the reported length is downhole. Evidence · text > 110.1m @ 1.2%Li₂O from 195m \(TAMT033\) \(est. true width\) **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Maiden metallurgical testwork at Bolt Cutter Central achieved an average lithium recovery of 82.5%, which is strong for flotation. Evidence · text > average lithium recovery of 82.5% **Recovery Improving** Polarity: positive Definition: Recovery improved versus a like-for-like prior test program on the same domain and route. Why it applies: Metallurgical testwork for Tabba Tabba demonstrated encouraging results, confirming the potential to process additional pegmatite material and convert material previously classified as waste into ore. Evidence · text > Testwork demonstrated encouraging results, confirming the potential to process additional pegmatite material from the Chewy and Tabba Tabba pegmatites and convert material previously classified as waste in the PFS into ore in the DFS. **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: The Bolt Cutter Central metallurgical testwork is described as 'maiden sighter metallurgical testwork' and was achieved without project-specific optimisation, indicating it is still at an early stage. Evidence · text > maiden sighter metallurgical testwork **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The metallurgical testwork for both Tabba Tabba and Bolt Cutter Central primarily uses a 'whole-of-ore flotation' flowsheet. Evidence · text > whole-of-ore flotation flowsheet **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: Metallurgical testwork on the Tabba Tabba Tantalum pegmatite confirmed a 'simple gravity processing flowsheet'. Evidence · text > simple gravity processing flowsheet **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: Tantalum, niobium, and tin are mentioned as components of the concentrate from the Tabba Tabba Tantalum pegmatite, indicating they are byproducts. Evidence · text > produce a >5.0% Ta₂O₅ concentrate at 60–65% recovery, with niobium \(2.0% Nb₂O₅\) and tin \(1.4% SnO₂\). **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: 81. Some facts used in scoring do not have a stored record. ## Drill Results (40) ### TAMT033 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-35) Tabba Tabba · lithium #### Identity - Hole ID: TAMT033 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 110.1 m - From: 195 m - To: 305.1 m - Intercept Depth: 195 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT033:195-305.1 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A significant lithium intercept from DFS drilling, confirming mineralization at depth, though true width is estimated. - Positive factor: Long intercept length with good lithium grade. - Positive factor: Supports DFS test work program. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 110.1m @ 1.2%Li₂O from 195m \(TAMT033\) \(est. true width\) #### 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" ### TAMT033 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-36) Tabba Tabba · lithium #### Identity - Hole ID: TAMT033 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.8 - Grade Unit: % - Intercept: 16 m - From: 266 m - To: 282 m - Intercept Depth: 266 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT033:266-282 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade sub-interval further enhances the significance of the overall intercept, indicating strong mineralization. - Positive factor: High-grade sub-interval within a longer intercept. - Positive factor: Supports DFS test work program. Evidence · text > 16m @ 1.8%Li₂O from 266.0m #### 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" ### TAMT031 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-37) Tabba Tabba · lithium #### Identity - Hole ID: TAMT031 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 87 m - True Width: 67 m - From: 91 m - To: 178 m - Intercept Depth: 91 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT031:91-178 - Mining Method: open\_pit #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A significant lithium intercept with good grade and estimated true width, supporting DFS work and potential open-pit mining. - Positive factor: Long intercept length with good lithium grade. - Positive factor: Estimated true width provided, adding confidence. - Positive factor: Supports DFS test work program. Evidence · text > 87.0m @ 1.3%Li₂O from 91m \(TAMT031\) \(67.0m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 67 **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" ### TAMT031 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-38) Tabba Tabba · lithium #### Identity - Hole ID: TAMT031 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.6 - Grade Unit: % - Intercept: 25 m - From: 123 m - To: 148 m - Intercept Depth: 123 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT031:123-148 - Mining Method: open\_pit #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade sub-interval further enhances the significance of the overall intercept, indicating strong mineralization. - Positive factor: High-grade sub-interval within a longer intercept. - Positive factor: Supports DFS test work program. Evidence · text > 25m @ 1.6%Li₂O from 123.0m #### 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" ### TAMT034 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-39) Tabba Tabba · lithium #### Identity - Hole ID: TAMT034 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 81 m - From: 167 m - To: 248 m - Intercept Depth: 167 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT034:167-248 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A significant lithium intercept from DFS drilling, confirming mineralization at depth, though true width is estimated. - Positive factor: Long intercept length with good lithium grade. - Positive factor: Supports DFS test work program. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 81.0m @ 1.2%Li₂O from 167m \(TAMT034\) \(est. true width\) #### 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" ### TAMT034 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-40) Tabba Tabba · lithium #### Identity - Hole ID: TAMT034 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 56 m - From: 192 m - To: 248 m - Intercept Depth: 192 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT034:192-248 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A long and high-grade sub-interval further enhances the significance of the overall intercept, indicating strong mineralization. - Positive factor: Long, high-grade sub-interval within a longer intercept. - Positive factor: Supports DFS test work program. Evidence · text > 56m @ 1.4%Li₂O from 192.0m #### 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" ### TAMT035 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-41) Tabba Tabba · lithium #### Identity - Hole ID: TAMT035 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 66.2 m - From: 180.8 m - To: 247 m - Intercept Depth: 180.8 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT035:180.8-247 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A significant lithium intercept from DFS drilling, confirming mineralization at depth, though true width is estimated. - Positive factor: Long intercept length with good lithium grade. - Positive factor: Supports DFS test work program. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 66.2m @ 1.2%Li₂O from 180.8m \(TAMT035\) \(est. true width\) #### 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" ### TAMT035 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-42) Tabba Tabba · lithium #### Identity - Hole ID: TAMT035 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 2.6 - Grade Unit: % - Intercept: 9.2 m - From: 180.8 m - To: 190 m - Intercept Depth: 180.8 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT035:180.8-190 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally high-grade sub-interval significantly enhances the prospectivity of the area for high-grade lithium. - Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization. - Positive factor: Supports DFS test work program. Evidence · text > 9.2m @ 2.6%Li₂O from 180.8m #### 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" ### TAMT035 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-43) Tabba Tabba · lithium #### Identity - Hole ID: TAMT035 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.5 - Grade Unit: % - Intercept: 19.3 m - From: 198 m - To: 217.3 m - Intercept Depth: 198 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT035:198-217.3 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade sub-interval further enhances the significance of the overall intercept, indicating strong mineralization. - Positive factor: High-grade sub-interval within a longer intercept. - Positive factor: Supports DFS test work program. Evidence · text > 19.3m @ 1.5%Li₂O from 198m #### 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" ### TAMT038 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-44) Tabba Tabba · lithium #### Identity - Hole ID: TAMT038 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 25.1 m - From: 56.5 m - To: 81.6 m - Intercept Depth: 56.5 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT038:56.5-81.6 - Mining Method: open\_pit #### Location - Location: Hutt - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong lithium intercept at the Hutt pegmatite, indicating potential for resource expansion and supporting DFS work. - Positive factor: Good intercept length and grade at the Hutt pegmatite. - Positive factor: Supports DFS work and potential resource expansion. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 25.1m @ 1.2%Li₂O from 56.5m \(TAMT038\) \(est. true width\) at Hutt #### 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" ### TAMT036 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-45) Tabba Tabba · lithium #### Identity - Hole ID: TAMT036 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 2 - Grade Unit: % - Intercept: 13.9 m - True Width: 10 m - From: 45.2 m - To: 59.1 m - Intercept Depth: 45.2 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT036:45.2-59.1 - Mining Method: open\_pit #### Location - Location: Chewy - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade lithium intercept with estimated true width at the Chewy pegmatite, indicating strong mineralization and supporting DFS work. - Positive factor: High-grade intercept with good estimated true width at the Chewy pegmatite. - Positive factor: Supports DFS work and potential resource expansion. Evidence · text > 13.9m @ 2.0%Li₂O from 45.2m \(TAMT036\) \(10m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 10 **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" ### TAMT036 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-46) Tabba Tabba · lithium #### Identity - Hole ID: TAMT036 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 2.3 - Grade Unit: % - Intercept: 7.8 m - True Width: 5.6 m - From: 45.2 m - To: 53 m - Intercept Depth: 45.2 m #### Classification - Program: resource - Sample Type: drill - Group ID: TAMT036:45.2-53 - Mining Method: open\_pit #### Location - Location: Chewy - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally high-grade sub-interval with estimated true width, further enhancing the prospectivity of the Chewy pegmatite. - Positive factor: Very high-grade sub-interval with good estimated true width. - Positive factor: Supports DFS work and potential resource expansion. Evidence · text > 7.8m @ 2.3%Li₂O from 45.2m \(5.6m est. true width\) at Chewy #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 5.6 **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" ### TARC435 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-47) Tabba Tabba · lithium #### Identity - Hole ID: TARC435 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 18 m - True Width: 16.4 m - From: 69 m - To: 87 m - Intercept Depth: 69 m #### Classification - Program: resource - Sample Type: drill - Group ID: TARC435:69-87 - Mining Method: open\_pit #### Location - Location: Leia - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong lithium intercept with good estimated true width at the Leia pegmatite, indicating potential for resource expansion and supporting DFS work. - Positive factor: Good intercept length and grade with estimated true width at the Leia pegmatite. - Positive factor: Supports DFS work and potential resource expansion. Evidence · text > 18.0m @ 1.3%Li₂O from 69m \(TARC435\) \(16.4m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 16.4 **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" ### TARC435 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-48) Tabba Tabba · lithium #### Identity - Hole ID: TARC435 - Project: Tabba Tabba - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 2 - Grade Unit: % - Intercept: 9 m - True Width: 8.2 m - From: 74 m - To: 83 m - Intercept Depth: 74 m #### Classification - Program: resource - Sample Type: drill - Group ID: TARC435:74-83 - Mining Method: open\_pit #### Location - Location: Leia - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally high-grade sub-interval with estimated true width, further enhancing the prospectivity of the Leia pegmatite. - Positive factor: Very high-grade sub-interval with good estimated true width. - Positive factor: Supports DFS work and potential resource expansion. Evidence · text > 9.0m @ 2.0%Li₂O from 74m \(8.2m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 8.2 **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" ### BCRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-49) Bolt Cutter · lithium #### Identity - Hole ID: BCRC002 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.7 - Grade Unit: % - Intercept: 20 m - True Width: 12 m - From: 43 m - To: 63 m - Intercept Depth: 43 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC002:43-63 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An excellent high-grade intercept with good width and estimated true width, confirming a significant greenfields lithium discovery at Bolt Cutter Central. - Positive factor: High-grade and good width intercept from a greenfields discovery. - Positive factor: Estimated true width provided. Evidence · text > 20.0m @ 1.7%Li₂O from 43.0m \(BCRC002\) \(12.0m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 12 **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 ### BCRC115 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-50) Bolt Cutter · lithium #### Identity - Hole ID: BCRC115 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.5 - Grade Unit: % - Intercept: 16 m - From: 116 m - To: 132 m - Intercept Depth: 116 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC115:116-132 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade intercept contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: High-grade intercept with good width. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 16.0m @ 1.5%Li₂O from 116m \(BCRC115\) \(est. true width\) #### 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 ### BCRC113 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-51) Bolt Cutter · lithium #### Identity - Hole ID: BCRC113 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.1 - Grade Unit: % - Intercept: 18 m - From: 16 m - To: 34 m - Intercept Depth: 16 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC113:16-34 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept, indicating near-surface mineralization and contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 18.0m @ 1.1%Li₂O from 16m \(BCRC113\) \(est. true width\) #### 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 ### BCDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-52) Bolt Cutter · lithium #### Identity - Hole ID: BCDD001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 2 - Grade Unit: % - Intercept: 12.8 m - From: 45.3 m - To: 58.1 m - Intercept Depth: 45.3 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCDD001:45.3-58.1 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An excellent high-grade intercept, further confirming the strong mineralization at Bolt Cutter Central. - Positive factor: Very high-grade intercept with good width. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 12.8m @ 2.0%Li₂O from 45.3m \(BCDD001\) \(est. true width\) #### 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 ### BCRC034 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-53) Bolt Cutter · lithium #### Identity - Hole ID: BCRC034 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.65 - Grade Unit: % - Intercept: 12 m - From: 90 m - To: 102 m - Intercept Depth: 90 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC034:90-102 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade intercept, contributing to the understanding and expansion of the Bolt Cutter Central discovery. - Positive factor: High-grade intercept with good width. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 12.0m @ 1.65%Li₂O from 90.0m \(BCRC034\) \(est. true width\) #### 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 ### BCRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-54) Bolt Cutter · lithium #### Identity - Hole ID: BCRC003 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 12 m - From: 39 m - To: 51 m - Intercept Depth: 39 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC003:39-51 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept, indicating near-surface mineralization and contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 12.0m @ 1.30%Li₂O from 39.0m \(BCRC003\) \(est. true width\) #### 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 ### BCRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-55) Bolt Cutter · lithium #### Identity - Hole ID: BCRC007 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.25 - Grade Unit: % - Intercept: 14 m - From: 40 m - To: 54 m - Intercept Depth: 40 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC007:40-54 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept, indicating near-surface mineralization and contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 14.0m @ 1.25%Li₂O from 40.0m \(BCRC007\) \(est. true width\) #### 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 ### BCDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-56) Bolt Cutter · lithium #### Identity - Hole ID: BCDD002 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.6 - Grade Unit: % - Intercept: 12.9 m - True Width: 7.6 m - From: 86.9 m - To: 99.8 m - Intercept Depth: 86.9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCDD002:86.9-99.8 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade intercept with estimated true width, contributing to the understanding and expansion of the Bolt Cutter Central discovery. - Positive factor: High-grade intercept with good estimated true width. - Positive factor: Supports expansion of the discovery. Evidence · text > 12.9m @ 1.60%Li₂O from 86.9m \(BCDD002\) \(7.6m est. true width\) #### Tags used in scoring **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 7.6 **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 ### BCRC033 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-57) Bolt Cutter · lithium #### Identity - Hole ID: BCRC033 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.32 - Grade Unit: % - Intercept: 11 m - From: 54 m - To: 65 m - Intercept Depth: 54 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC033:54-65 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept, indicating near-surface mineralization and contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 11.0m @ 1.32%Li₂O from 54.0m \(BCRC033\) \(est. true width\) #### 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 ### BCRC050 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-58) Bolt Cutter · lithium #### Identity - Hole ID: BCRC050 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.84 - Grade Unit: % - Intercept: 9 m - From: 128 m - To: 137 m - Intercept Depth: 128 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC050:128-137 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An excellent high-grade intercept, further confirming the strong mineralization at Bolt Cutter Central. - Positive factor: Very high-grade intercept. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 9.0m @ 1.84%Li₂O from 128.0m \(BCRC050\) \(est. true width\) #### 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 ### BCRC039 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-59) Bolt Cutter · lithium #### Identity - Hole ID: BCRC039 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.68 - Grade Unit: % - Intercept: 9 m - From: 102 m - To: 111 m - Intercept Depth: 102 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC039:102-111 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade intercept, contributing to the understanding and expansion of the Bolt Cutter Central discovery. - Positive factor: High-grade intercept. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 9.0m @ 1.68%Li₂O from 102.0m \(BCRC039\) \(est. true width\) #### 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 ### BCRC115 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-60) Bolt Cutter · lithium #### Identity - Hole ID: BCRC115 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.5 - Grade Unit: % - Intercept: 8 m - From: 89 m - To: 97 m - Intercept Depth: 89 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC115:89-97 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade intercept, contributing to the understanding and expansion of the Bolt Cutter Central discovery. - Positive factor: High-grade intercept. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 8.0m @ 1.50%Li₂O from 89.0m \(BCRC115\) \(est. true width\) #### 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 ### BCRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-61) Bolt Cutter · lithium #### Identity - Hole ID: BCRC005 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 10 m - From: 3 m - To: 13 m - Intercept Depth: 3 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCRC005:3-13 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good very shallow intercept, indicating near-surface mineralization and contributing to the expansion of the Bolt Cutter Central discovery. - Positive factor: Good intercept length and grade at very shallow depth. - Positive factor: Supports expansion of the discovery. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 10.0m @ 1.2%Li₂O from 3.0m \(BCRC005\) \(est. true width\) #### 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 ### BCMT001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-62) Bolt Cutter · lithium #### Identity - Hole ID: BCMT001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 9.4 m - From: 23.2 m - To: 32.6 m - Intercept Depth: 23.2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT001:23.2-32.6 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept from a metallurgical hole, providing material for testwork and confirming mineralization. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 9.4m @ 1.3%Li₂O from 23.2m \(est. true width\) #### 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 ### BCMT001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-63) Bolt Cutter · lithium #### Identity - Hole ID: BCMT001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 8.1 m - From: 39.7 m - To: 47.8 m - Intercept Depth: 39.7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT001:39.7-47.8 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept from a metallurgical hole, providing material for testwork and confirming mineralization. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 8.1m @ 1.2%Li₂O from 39.7m \(est. true width\) #### 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 ### BCMT001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-64) Bolt Cutter · lithium #### Identity - Hole ID: BCMT001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.6 - Grade Unit: % - Intercept: 2.3 m - From: 51.7 m - To: 54 m - Intercept Depth: 51.7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT001:51.7-54 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade intercept from a metallurgical hole, providing material for testwork and confirming strong mineralization. - Positive factor: High-grade intercept. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 2.3m @ 1.6%Li₂O from 51.7m \(est. true width\) #### 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 ### BCMT001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-65) Bolt Cutter · lithium #### Identity - Hole ID: BCMT001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 4.8 m - From: 153.9 m - To: 158.7 m - Intercept Depth: 153.9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT001:153.9-158.7 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good grade intercept from a metallurgical hole, providing material for testwork and confirming mineralization at depth. - Positive factor: Good grade intercept. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 4.8m @ 1.2%Li₂O from 153.9m \(est. true width\) #### 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 ### BCMT001 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-66) Bolt Cutter · lithium #### Identity - Hole ID: BCMT001 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 2.6 m - From: 179 m - To: 181.6 m - Intercept Depth: 179 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT001:179-181.6 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good grade intercept from a metallurgical hole, providing material for testwork and confirming mineralization at depth. - Positive factor: Good grade intercept. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 2.6m @ 1.3%Li₂O from 179.0m \(est. true width\) #### 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 ### BCMT002 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-67) Bolt Cutter · lithium #### Identity - Hole ID: BCMT002 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1 - Grade Unit: % - Intercept: 8.1 m - From: 34.1 m - To: 42.2 m - Intercept Depth: 34.1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT002:34.1-42.2 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good shallow intercept from a metallurgical hole, providing material for testwork and confirming mineralization. - Positive factor: Good intercept length and grade at shallow depth. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 8.1m @ 1.0%Li₂O from 34.1m \(est. true width\) #### 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 ### BCMT003 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-68) Bolt Cutter · lithium #### Identity - Hole ID: BCMT003 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 7.6 m - From: 32.1 m - To: 39.7 m - Intercept Depth: 32.1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT003:32.1-39.7 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong high-grade shallow intercept from a metallurgical hole, providing material for testwork and confirming mineralization. - Positive factor: High-grade intercept at shallow depth. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 7.6m @ 1.4%Li₂O from 32.1m \(est. true width\) #### 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 ### BCMT003 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-69) Bolt Cutter · lithium #### Identity - Hole ID: BCMT003 - Project: Bolt Cutter - Commodity: lithium - Region: pilbara, wa - Reported Region: pilbara, wa - Ticker: WC8 #### Geometry - Grade: 1.1 - Grade Unit: % - Intercept: 4.1 m - From: 82.8 m - To: 86.9 m - Intercept Depth: 82.8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BCMT003:82.8-86.9 - Mining Method: open\_pit #### Location - Location: Bolt Cutter Central - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good grade intercept from a metallurgical hole, providing material for testwork and confirming mineralization at depth. - Positive factor: Good grade intercept. - Positive factor: Supports metallurgical analysis. - Negative factor: True width is estimated, not explicitly stated. Evidence · text > 4.1m @ 1.1%Li₂O from 82.8m \(est. true width\) #### 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 ### GHD009 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-70) Mt Adrah · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: GHD009 - Project: Mt Adrah - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: lachlan fold belt, nsw - Ticker: WC8 #### Geometry - Grade: 17.7 - Grade Unit: g/t - Intercept: 10 m - From: 506 m - To: 516 m - Intercept Depth: 506 m #### Classification - Program: exploration - Sample Type: drill - Group ID: GHD009:506-516 - Mining Method: underground #### Location - Location: Castor Reef Prospect - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-08-23T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade historical gold intercept at depth, indicating potential for underground mining, but not new information. - Positive factor: High-grade gold intercept at depth. - Negative factor: Historical result, not new information. Evidence · text > 10m @ 17.7 g/t Au from 506m \(GHD009\) at the Castor Reef Prospect #### 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 ### GHD011 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-71) Mt Adrah · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: GHD011 - Project: Mt Adrah - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: lachlan fold belt, nsw - Ticker: WC8 #### Geometry - Grade: 58.6 - Grade Unit: g/t - Intercept: 1.2 m - From: 624 m - To: 625.2 m - Intercept Depth: 624 m #### Classification - Program: exploration - Sample Type: drill - Group ID: GHD011:624-625.2 - Mining Method: underground #### Location - Location: White Deer Reef Prospect - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-08-23T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally high-grade historical gold intercept at depth, indicating bonanza grades over a narrow width, but not new information. - Positive factor: Very high-grade gold intercept at depth. - Negative factor: Historical result, not new information. - Negative factor: Narrow intercept length. Evidence · text > 1.2m @ 58.6 g/t Au from 624m \(GHD011\) at the White Deer Reef Prospect #### 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 ### WCRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-72) Mt Adrah · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WCRC003 - Project: Mt Adrah - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: lachlan fold belt, nsw - Ticker: WC8 #### Geometry - Grade: 0.4 - Grade Unit: g/t - Intercept: 103 m - From: 0 m - To: 103 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WCRC003:0-103 - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-08-23T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A very long historical intercept at surface with low gold grade, indicating bulk tonnage potential but not new information. - Positive factor: Very long intercept length at surface. - Negative factor: Low gold grade. - Negative factor: Historical result, not new information. Evidence · text > 103m at 0.40g/t Au from 0m #### 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 ### WCRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-73) Mt Adrah · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WCRC003 - Project: Mt Adrah - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: lachlan fold belt, nsw - Ticker: WC8 #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 68 m - From: 113 m - To: 181 m - Intercept Depth: 113 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WCRC003:113-181 - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-08-23T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A long historical intercept with low gold grade, indicating bulk tonnage potential but not new information. - Positive factor: Long intercept length. - Negative factor: Low gold grade. - Negative factor: Historical result, not new information. Evidence · text > 68m at 0.24g/t Au from 113m \(WCRC003\) #### 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 ### WCRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-drill-facts-74) Mt Adrah · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WCRC004 - Project: Mt Adrah - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: lachlan fold belt, nsw - Ticker: WC8 #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 220 m - From: 0 m - To: 220 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WCRC004:0-220 - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-08-23T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally long historical intercept at surface with low gold grade, indicating very large bulk tonnage potential but not new information. - Positive factor: Exceptionally long intercept length at surface. - Negative factor: Low gold grade. - Negative factor: Historical result, not new information. Evidence · text > 220m at 0.25g/t Au from 0m \(WCRC004\) #### 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 (35) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-0) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b52384dee28ff4533581 #### Resource Data - Category: indicated - Tonnes: 70000000 - Grade: 1.01 - Grade Unit: % - Contained Metal: 709100 - Contained Unit: t - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A substantial Indicated lithium resource at Tabba Tabba, reported under JORC, provides a strong foundation for project development. - Positive factor: Large tonnage and good grade for lithium. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. - Positive factor: JORC compliant reporting standard. Evidence · table > 1.01 Context: 70.0 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-1) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b52384dee28ff4533581 #### Resource Data - Category: indicated - Tonnes: 70000000 - Grade: 53 - Grade Unit: ppm - Contained Metal: 9948600 - Contained Unit: lb - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Indicated tantalum resource provides a valuable byproduct credit to the primary lithium resource, enhancing overall project economics. - Positive factor: Tantalum is a valuable byproduct commodity. - Positive factor: Reported in a high confidence category \(Indicated\). Evidence · table > 53 Context: 70.0 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-2) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:b52384dee28ff4533581 #### Resource Data - Category: indicated - Tonnes: 70000000 - Grade: 0.64 - Grade Unit: % - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity rather than a primary economic driver. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.64 Context: 70.0 #### 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 **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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-3) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3710825d7a1c35274eeb #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 0.76 - Grade Unit: % - Contained Metal: 31100 - Contained Unit: t - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Inferred resource provides additional tonnage but requires further drilling to upgrade confidence for economic studies. - Positive factor: Adds to overall resource base. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 0.76 Context: 4.1 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-4) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3710825d7a1c35274eeb #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 64 - Grade Unit: ppm - Contained Metal: 724700 - Contained Unit: lb - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Inferred tantalum resource adds to the byproduct potential but requires further work to increase confidence. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 64 Context: 4.1 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-5) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3710825d7a1c35274eeb #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 0.88 - Grade Unit: % - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity rather than a primary economic driver. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.88 Context: 4.1 #### 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 **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 ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-6) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:69e72a44ddf15190549d #### Resource Data - Tonnes: 74100000 - Grade: 1 - Grade Unit: % - Contained Metal: 740200 - Contained Unit: t - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total lithium resource at Tabba Tabba is substantial and supports the project's potential for global relevance. - Positive factor: Significant total lithium resource, providing scale for development. - Positive factor: Good overall grade for lithium. Evidence · table > 1.00 Context: 74.1 #### Tags used in scoring **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 ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-7) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:69e72a44ddf15190549d #### Resource Data - Tonnes: 74100000 - Grade: 54 - Grade Unit: ppm - Contained Metal: 10673300 - Contained Unit: lb - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total tantalum resource provides a significant byproduct opportunity for the project. - Positive factor: Adds to overall contained metal for byproduct. Evidence · table > 54 Context: 74.1 #### Tags used in scoring **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 ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-8) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:69e72a44ddf15190549d #### Resource Data - Tonnes: 74100000 - Grade: 0.65 - Grade Unit: % - Cutoff Grade: 0.45 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.65 Context: 74.1 #### Tags used in scoring **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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-9) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ddba974dc863b0b41d5 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: indicated - Tonnes: 1190000 - Grade: 0.09 - Grade Unit: % - Contained Metal: 1073 - Contained Unit: t - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This lithium grade is very low, indicating it's likely a byproduct or not the primary target for lithium in this specific pegmatite. - Negative factor: Very low lithium grade, indicating it's not the primary focus for lithium. Evidence · table > 0.09 Context: 1.19 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-10) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ddba974dc863b0b41d5 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: indicated - Tonnes: 1190000 - Grade: 482 - Grade Unit: ppm - Contained Metal: 1267600 - Contained Unit: lb - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A significant Indicated tantalum resource with a high grade, supporting potential standalone production or a valuable byproduct stream. - Positive factor: High tantalum grade for a standalone resource. - Positive factor: Reported in a high confidence category \(Indicated\). - Positive factor: JORC compliant reporting standard. Evidence · table > 482 Context: 1.19 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-11) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:5ddba974dc863b0b41d5 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: indicated - Tonnes: 1190000 - Grade: 0.74 - Grade Unit: % - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.74 Context: 1.19 #### 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 **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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-12) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:846ffa6c9e12de9410eb - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: inferred - Tonnes: 10000 - Grade: 0.05 - Grade Unit: % - Contained Metal: 5 - Contained Unit: t - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Inferred lithium resource is very small and low grade, indicating minimal economic contribution. - Negative factor: Very low lithium grade and low confidence category \(Inferred\). Evidence · table > 0.05 Context: 0.01 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-13) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:846ffa6c9e12de9410eb - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: inferred - Tonnes: 10000 - Grade: 445 - Grade Unit: ppm - Contained Metal: 9700 - Contained Unit: lb - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Inferred tantalum resource is small but maintains a good grade, requiring further work to upgrade confidence. - Negative factor: Low tonnage and lower confidence category \(Inferred\). Evidence · table > 445 Context: 0.01 #### 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/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-14) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:846ffa6c9e12de9410eb - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Category: inferred - Tonnes: 10000 - Grade: 2.5 - Grade Unit: % - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity. - Negative factor: Low tonnage and low confidence category \(Inferred\). Evidence · table > 2.50 Context: 0.01 #### 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 **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 ### Tabba Tabba Pegmatite [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-15) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:df8ac204e18aa8e8d7c2 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Tonnes: 1200000 - Grade: 0.09 - Grade Unit: % - Contained Metal: 1078 - Contained Unit: t - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total lithium grade in the tantalum resource is very low, confirming it as a byproduct. - Negative factor: Very low lithium grade, indicating it's not the primary focus for lithium. Evidence · table > 0.09 Context: 1.20 #### Tags used in scoring **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 ### Tabba Tabba Pegmatite [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-16) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:df8ac204e18aa8e8d7c2 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Tonnes: 1200000 - Grade: 482 - Grade Unit: ppm - Contained Metal: 1277300 - Contained Unit: lb - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total tantalum resource is substantial and high-grade, providing a strong economic contribution. - Positive factor: Significant total tantalum resource with high grade, enhancing project value. Evidence · table > 482 Context: 1.20 #### Tags used in scoring **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 ### Tabba Tabba Pegmatite [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-17) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:df8ac204e18aa8e8d7c2 - Deposit or zone: Tabba Tabba Pegmatite #### Resource Data - Tonnes: 1200000 - Grade: 0.76 - Grade Unit: % - Cutoff Grade: 200 - Cutoff Unit: ppm Ta₂O₅ #### Prior Estimate - Resource Date: 2024-11-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.76 Context: 1.20 #### Tags used in scoring **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-18) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a9beb491331e75e4181d #### Resource Data - Category: probable - Tonnes: 36800000 - Grade: 1 - Grade Unit: % - Contained Metal: 366000 - Contained Unit: kt - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A substantial Probable Ore Reserve for open pit mining at Tabba Tabba confirms economic viability and de-risks the project. - Positive factor: Large tonnage in Probable Reserve category, supporting economic viability. - Positive factor: Good lithium grade for open pit mining. - Positive factor: JORC compliant reporting standard. Evidence · table > 1.00 Context: 36.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-19) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a9beb491331e75e4181d #### Resource Data - Category: probable - Tonnes: 36800000 - Grade: 62.4 - Grade Unit: ppm - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The tantalum content in the open pit Probable Reserve provides a valuable byproduct credit. - Positive factor: Adds byproduct value to the open pit reserve. Evidence · table > 62.40 Context: 36.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-20) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:a9beb491331e75e4181d #### Resource Data - Category: probable - Tonnes: 36800000 - Grade: 1.06 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 1.06 Context: 36.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-21) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3a9d4fd9d24daabc5a06 #### Resource Data - Category: probable - Tonnes: 9500000 - Grade: 0.94 - Grade Unit: % - Contained Metal: 90000 - Contained Unit: kt - Cutoff Grade: 0.7 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The underground Probable Ore Reserve provides additional economic material, contributing to the project's overall mine life. - Positive factor: Adds to overall reserve base with good grade for underground mining. - Positive factor: JORC compliant reporting standard. Evidence · table > 0.94 Context: 9.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-22) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3a9d4fd9d24daabc5a06 #### Resource Data - Category: probable - Tonnes: 9500000 - Grade: 51.9 - Grade Unit: ppm - Cutoff Grade: 0.7 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The tantalum content in the underground Probable Reserve provides a valuable byproduct credit. - Positive factor: Adds byproduct value to the underground reserve. Evidence · table > 51.9 Context: 9.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-23) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:3a9d4fd9d24daabc5a06 #### Resource Data - Category: probable - Tonnes: 9500000 - Grade: 0.86 - Grade Unit: % - Cutoff Grade: 0.7 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 0.86 Context: 9.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-24) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d8fd5486df68aa0b6202 #### Resource Data - Category: probable - Tonnes: 46300000 - Grade: 0.99 - Grade Unit: % - Contained Metal: 456000 - Contained Unit: kt - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total Probable Ore Reserve for Tabba Tabba is substantial and confirms the project's economic viability, supporting its advancement towards production. - Positive factor: Significant total Probable Ore Reserve, confirming economic viability. - Positive factor: Good overall lithium grade. - Positive factor: JORC compliant reporting standard. Evidence · table > 0.99 Context: 46.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-25) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d8fd5486df68aa0b6202 #### Resource Data - Category: probable - Tonnes: 46300000 - Grade: 60.2 - Grade Unit: ppm - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total tantalum content in the Probable Reserve provides a valuable byproduct credit. - Positive factor: Adds byproduct value to the total reserve. Evidence · table > 60.2 Context: 46.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-26) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:d8fd5486df68aa0b6202 #### Resource Data - Category: probable - Tonnes: 46300000 - Grade: 1.02 - Grade Unit: % - Cutoff Grade: 0.3 - Cutoff Unit: %Li₂O #### Prior Estimate - Resource Date: 2025-07-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The iron content is low and likely represents a minor component or impurity. - Negative factor: Low grade for iron, likely a minor component. Evidence · table > 1.02 Context: 46.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-27) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:c3f547eb712aeff33ef2 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Category: indicated - Tonnes: 600000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 18000 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Indicated resource for Hobbs Pipe is relatively small and historical, suggesting it's not a current focus for significant development. - Negative factor: Relatively small tonnage and contained gold for an Indicated resource. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 0.9 Context: 0.6 #### 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 **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 7.1 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-28) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:472b7d83102c091abe63 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Category: indicated - Tonnes: 3000000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 96000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This Indicated resource provides a moderate amount of contained gold but is historical, indicating a need for updated information. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.0 Context: 3.0 #### 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 **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 7.1 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-29) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:704f65b672d3ca7994ce - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Category: indicated - Tonnes: 8500000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 320000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good-sized Indicated resource at a reasonable grade, but its historical nature reduces its current impact. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.2 Context: 8.5 #### 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 **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 7.1 years before this release ### Hobbs Pipe Gold Deposit [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-30) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:0a18ede147aed24fd49b - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Tonnes: 12100000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 440000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total Indicated resource for Hobbs Pipe is a good base but its historical nature limits current impact. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.1 Context: 12.1 #### Tags used in scoring **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 **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 7.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-31) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:cdd7d2f14c1b0ef6fbc9 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Category: inferred - Tonnes: 200000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 39000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Inferred resource is small and historical, indicating limited current impact on project valuation. - Negative factor: Small tonnage and lower confidence category \(Inferred\). - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 0.6 Context: 0.2 #### 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 **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 7.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-32) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:90cec5b9051caf792271 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Category: inferred - Tonnes: 8200000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 290000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A good-sized Inferred resource at a reasonable grade, but its historical nature and lower confidence category limit its current impact. - Negative factor: Lower confidence category \(Inferred\). - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.1 Context: 8.2 #### 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 **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 7.1 years before this release ### Hobbs Pipe Gold Deposit [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-33) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:4cf305d2c93f79cb7c87 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Tonnes: 8400000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 330000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total Inferred resource for Hobbs Pipe is a good base but its historical nature limits current impact. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.1 Context: 8.4 #### Tags used in scoring **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 **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 7.1 years before this release ### Hobbs Pipe Gold Deposit [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-resource-facts-34) Mt Adrah Project · gold #### Identity - Project: Mt Adrah Project - Commodity: gold - Region: lachlan fold belt, nsw - Reported Region: Lachlan Fold Belt, NSW - Ticker: WC8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Resource group id: resource:40e931a2055255a25af2 - Deposit or zone: Hobbs Pipe Gold Deposit #### Resource Data - Tonnes: 20500000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 770000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2019-08-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total resource for Hobbs Pipe represents a significant gold asset, but its historical nature means it's not a current focus for new information. - Positive factor: Significant total contained gold for the project. - Negative factor: Historical estimate \(2019\) with no update in this report. Evidence · table > 1.1 Context: 20.5 #### Tags used in scoring **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 **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 7.1 years before this release ## Metallurgical Results (6) ### gravity [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-75) Tabba Tabba Project · tantalum #### Identity - Project: Tabba Tabba Project - Commodity: tantalum - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: detailed - Test Type: gravity - Processing Route: simple gravity processing flowsheet #### Recovery - Recovery: 60 % - Recovery Basis: actual\_test - Conc. Grade: 5 - Conc. Grade Unit: % Ta₂O₅ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Positive metallurgical testwork for tantalum confirms a simple and effective gravity processing route, supporting a high-grade concentrate and potential standalone production. - Positive factor: Good recovery for tantalum. - Positive factor: High concentrate grade. - Positive factor: Simple processing flowsheet, indicating lower technical risk. - Positive factor: Potential for standalone plant, adding project flexibility. Evidence · text > simple gravity processing flowsheet. Results indicate that a potential standalone plant can produce a >5.0% Ta₂O₅ concentrate at 60–65% recovery #### 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 ### gravity [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-76) Tabba Tabba Project · niobium #### Identity - Project: Tabba Tabba Project - Commodity: niobium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: detailed - Test Type: gravity - Processing Route: simple gravity processing flowsheet #### Recovery - Conc. Grade: 2 - Conc. Grade Unit: % Nb₂O₅ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Niobium content in the tantalum concentrate adds byproduct value, enhancing overall project economics. - Positive factor: Niobium as a valuable byproduct in the concentrate. Evidence · text > with niobium \(2.0% Nb₂O₅\) #### 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 ### gravity [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-77) Tabba Tabba Project · tin #### Identity - Project: Tabba Tabba Project - Commodity: tin - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: detailed - Test Type: gravity - Processing Route: simple gravity processing flowsheet #### Recovery - Conc. Grade: 1.4 - Conc. Grade Unit: % SnO₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Tin content in the tantalum concentrate adds byproduct value, enhancing overall project economics. - Positive factor: Tin as a valuable byproduct in the concentrate. Evidence · text > and tin \(1.4% SnO₂\) #### 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 ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-78) Tabba Tabba Project · lithium #### Identity - Project: Tabba Tabba Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: whole-of-ore flotation - Sample: Year 1–2 composite #### Recovery - Recovery: 74 % - Recovery Basis: actual\_test - Conc. Grade: 5.65 - Conc. Grade Unit: %Li₂O #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Positive bulk flotation testwork confirms the viability of producing high-quality spodumene concentrate with good recovery, supporting the DFS. - Positive factor: Good concentrate grade for spodumene. - Positive factor: Low iron content in concentrate, indicating good quality. - Positive factor: Recovery in line with PFS, confirming process viability. - Positive factor: Testwork focused on early production material, increasing confidence. Evidence · text > Bulk flotation testwork on the Year 1–2 composite produced a spodumene concentrate grading 5.65%Li₂O with low iron content of 0.63% Fe₂O₃. Overall lithium recovery remained in line with the PFS #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-79) Tabba Tabba Project · iron\_ore #### Identity - Project: Tabba Tabba Project - Commodity: iron\_ore - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: whole-of-ore flotation - Sample: Year 1–2 composite #### Recovery - Conc. Grade: 0.63 - Conc. Grade Unit: % Fe₂O₃ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Low iron content in the spodumene concentrate is a positive indicator for concentrate quality and marketability. - Positive factor: Low iron content in concentrate, indicating good quality and reduced penalty risk. Evidence · text > low iron content of 0.63% Fe₂O₃ #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/wc8-annual-report-to-shareholders--d8e7a189-6cbe-4ee5-9e73-8160ceec218a#fact-metallurgical-facts-80) Bolt Cutter Project · lithium #### Identity - Project: Bolt Cutter Project - Commodity: lithium - Region: pilbara, wa - Reported Region: Pilbara, WA - Ticker: WC8 #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: whole-of-ore flotation - Sample: three composite samples from Harry pegmatite swarm #### Recovery - Recovery: 82.5 % - Recovery Basis: actual\_test - Conc. Grade: 5.66 - Conc. Grade Unit: %Li₂O #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Excellent maiden metallurgical testwork results for Bolt Cutter Central confirm high recovery and concentrate grade, demonstrating strong potential for integration with Tabba Tabba's processing. - Positive factor: High average lithium recovery. - Positive factor: High average spodumene concentrate grade. - Positive factor: Achieved without project-specific optimization, indicating robust metallurgy. - Positive factor: Strong metallurgical correlation with Tabba Tabba, supporting hub-and-spoke model. Evidence · text > average lithium recovery of 82.5% while generating an average spodumene concentrate grading 5.66%Li₂O from three separate composite samples. #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 82.5% is at or above the exceptional band \(80%\) ## 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.