# WC8: Quarterly Activities/Appendix 5B Cash Flow Report

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151415

Publisher: asx

Original announcement: 2026-10-12T21:11:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-12T22:36:41.118Z

Atlas analysis updated: 2026-10-12T22:36:41.118Z

- Company: Wildcat Resources Limited

- Ticker: WC8

- Exchange: ASX

- Region: Pilbara, Western Australia

- Primary commodity: Lithium

- Secondary commodities: Gold, Tantalum, Iron ore

- Document categories: Capital raise, Drill results, Agreement transaction, Resource update, Metallurgy

- Extracted: 2026-10-12 22:36:41 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Wildcat Resources Limited successfully secured $60 million through an institutional placement, significantly bolstering its balance sheet to accelerate development at the Tabba Tabba Project and advance the Bolt Cutter Central lithium discovery. The company reported strong new lithium drill results from both projects, including 13.9m at 2.0% Li₂O at Tabba Tabba and 16m at 1.5% Li₂O at Bolt Cutter Central, while also progressing its Definitive Feasibility Study and maiden Mineral Resource Estimate. Additionally, Wildcat expanded its strategic tenure at Tabba Tabba through the acquisition of pegmatite rights, tripling the explorable strike length.

Reasoning: Wildcat Resources secured a substantial capital raise, reported strong new lithium drill intercepts from two key projects, and made strategic advancements in project development and exploration, indicating significant progress and a strengthened financial position.

- Positive factor: Successful capital raise significantly strengthens balance sheet and funds key projects.

- Positive factor: Strong drill results from Tabba Tabba and Bolt Cutter Central confirm and extend lithium mineralization.

- Positive factor: Strategic acquisition of pegmatite rights expands Tabba Tabba project footprint and exploration potential.

- Positive factor: Progress on Definitive Feasibility Study \(DFS\) for Tabba Tabba and maiden Mineral Resource Estimate \(MRE\) for Bolt Cutter Central de-risks projects.

Facts used in scoring: 47

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

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

## Extracted facts

Stored fact records: 45. Some facts used in scoring do not have a stored record.

## Drill Results (9)

### TAMT036

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-1)

Tabba Tabba · lithium

#### Identity

- Hole ID: TAMT036
- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_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

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept shows exceptional lithium grade and good width, with a true width estimate, significantly contributing to resource definition and the Tabba Tabba DFS.

- Positive factor: Exceptional lithium grade \(2.0% Li2O\) for a pegmatite deposit.

- Positive factor: Good intercept width \(13.9m\) with a stated true width \(10.0m\).

- Positive factor: Infill drilling supports resource definition and DFS advancement.

Evidence · text

> 13.9m @ 2.0% Li₂O from 45.2m \(10.0m est. true width\)

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is explicitly stated as 'infill and metallurgical drilling' to support the DFS and resource characterisation.

Evidence · text

> Metallurgical and infill drilling also continued across the Hutt, Chewy and Leia pegmatites to support the DFS and ongoing resource characterisation.

**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

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: 2.0% Li2O is well above the exceptional threshold for lithium \(>=1.8% Li2O\).

Evidence · text

> 2.0% Li₂O

**True Width Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Reason: An estimated true width of 10.0m is provided for the intercept.

Evidence · text

> 10.0m est. true width

### TAMT038

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-2)

Tabba Tabba · lithium

#### Identity

- Hole ID: TAMT038
- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_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

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept shows strong lithium grade over a substantial width, supporting resource definition for the Tabba Tabba DFS, though the lack of a quantified true width requires cautious interpretation.

- Positive factor: Strong lithium grade \(1.2% Li2O\) over a significant width \(25.1m\).

- Positive factor: Infill drilling supports resource definition and DFS advancement.

- Negative factor: True width is estimated but not quantified, leading to potential overestimation of true thickness.

Evidence · text

> 25.1m @ 1.2% Li₂O from 56.5m \(est. true width\)

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is explicitly stated as 'infill and metallurgical drilling' to support the DFS and resource characterisation.

Evidence · text

> Metallurgical and infill drilling also continued across the Hutt, Chewy and Leia pegmatites to support the DFS and ongoing resource characterisation.

**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

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.2% Li2O is within the strong grade band for lithium \(1.3% to 1.8% Li2O\) and the width is significant.

Evidence · text

> 1.2% Li₂O

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The intercept is given as downhole width with 'est. true width' but no specific value, meaning the apparent width may overstate true thickness.

Evidence · text

> est. true width

### TARC435

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-3)

Tabba Tabba · lithium

#### Identity

- Hole ID: TARC435
- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WC8

#### Geometry

- Grade: 1.3
- Grade Unit: %
- Intercept: 18 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

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept provides strong lithium grades over a good width, contributing to the resource characterisation and DFS for the Tabba Tabba Project.

- Positive factor: Strong lithium grade \(1.3% Li2O\) over a good width \(18m\).

- Positive factor: Infill drilling supports resource characterisation and DFS advancement.

Evidence · text

> 18m @ 1.3% Li₂O from 69m \(TARC435\)

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is explicitly stated as 'infill and metallurgical drilling' to support the DFS and resource characterisation.

Evidence · text

> Metallurgical and infill drilling also continued across the Hutt, Chewy and Leia pegmatites to support the DFS and ongoing resource characterisation.

**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

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.3% Li2O is within the strong grade band for lithium \(1.3% to 1.8% Li2O\).

Evidence · text

> 1.3% Li₂O

### BCRC115

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-4)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC115
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_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

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept demonstrates strong lithium grades and good width, confirming the continuity and scale of the Bolt Cutter Central pegmatite system, which remains open for further expansion.

- Positive factor: Strong lithium grade \(1.5% Li2O\) over a good width \(16m\).

- Positive factor: Confirms continuity and scale of the pegmatite system, which remains open.

- Negative factor: True width is estimated but not quantified, leading to potential overestimation of true thickness.

Evidence · text

> 16m @ 1.5% Li₂O from 116m \(est. true width\)

#### 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

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.5% Li2O is within the strong grade band for lithium \(1.3% to 1.8% Li2O\).

Evidence · text

> 1.5% Li₂O

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The intercept is given as downhole width with 'est. true width' but no specific value, meaning the apparent width may overstate true thickness.

Evidence · text

> est. true width

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The drilling confirms the mineralised footprint 'remaining open in multiple directions', indicating extension beyond previously known limits.

Evidence · text

> mineralised footprint extending over approximately 2.3km by 0.8km and remaining open in multiple directions.

### BCRC113

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-5)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC113
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_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

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This near-surface intercept shows moderate lithium grades over a good width, confirming the continuity of the Bolt Cutter Central pegmatite system, which remains open for further exploration.

- Positive factor: Moderate lithium grade \(1.1% Li2O\) over a good width \(18m\).

- Positive factor: Near-surface intercept, potentially favorable for open-pit mining.

- Positive factor: Confirms continuity and scale of the pegmatite system, which remains open.

- Negative factor: True width is estimated but not quantified, leading to potential overestimation of true thickness.

Evidence · text

> 18m @ 1.1% Li₂O from 16m \(est. true width\)

#### 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

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.1% Li2O is within the moderate grade band for lithium \(0.9% to 1.3% Li2O\).

Evidence · text

> 1.1% Li₂O

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The intercept is given as downhole width with 'est. true width' but no specific value, meaning the apparent width may overstate true thickness.

Evidence · text

> est. true width

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The drilling confirms the mineralised footprint 'remaining open in multiple directions', indicating extension beyond previously known limits.

Evidence · text

> mineralised footprint extending over approximately 2.3km by 0.8km and remaining open in multiple directions.

### BCRC112

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-6)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC112
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WC8

#### Geometry

- Grade: 1.5
- Grade Unit: %
- Intercept: 11 m
- From: 67 m
- To: 78 m
- Intercept Depth: 67 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: BCRC112:67-78
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept shows strong lithium grades over a good width, reinforcing the stacked nature and vertical continuity of the Bolt Cutter Central pegmatite system.

- Positive factor: Strong lithium grade \(1.5% Li2O\) over a good width \(11m\).

- Positive factor: Reinforces stacked nature and vertical continuity of the pegmatite system.

Evidence · text

> 11m @ 1.5% Li₂O from 67m

#### 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

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.5% Li2O is within the strong grade band for lithium \(1.3% to 1.8% Li2O\).

Evidence · text

> 1.5% Li₂O

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The drilling confirms the mineralised footprint 'remaining open in multiple directions', indicating extension beyond previously known limits.

Evidence · text

> mineralised footprint extending over approximately 2.3km by 0.8km and remaining open in multiple directions.

### BCRC112

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-7)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC112
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WC8

#### Geometry

- Grade: 1.5
- Grade Unit: %
- Intercept: 6 m
- From: 174 m
- To: 180 m
- Intercept Depth: 67 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: BCRC112:174-180
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept shows strong lithium grades over a moderate width, further reinforcing the stacked nature and vertical continuity of the Bolt Cutter Central pegmatite system.

- Positive factor: Strong lithium grade \(1.5% Li2O\) over a moderate width \(6m\).

- Positive factor: Reinforces stacked nature and vertical continuity of the pegmatite system.

Evidence · text

> 6m @ 1.5% Li₂O from 174m \(BCRC112\)

#### 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

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.5% Li2O is within the strong grade band for lithium \(1.3% to 1.8% Li2O\).

Evidence · text

> 1.5% Li₂O

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The drilling confirms the mineralised footprint 'remaining open in multiple directions', indicating extension beyond previously known limits.

Evidence · text

> mineralised footprint extending over approximately 2.3km by 0.8km and remaining open in multiple directions.

### BCRC108

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-8)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC108
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WC8

#### Geometry

- Grade: 2
- Grade Unit: %
- Intercept: 2 m
- From: 20 m
- To: 22 m
- Intercept Depth: 20 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: BCRC108:20-22
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept, while narrow, shows exceptional lithium grade and indicates new mineralized pegmatites outside the main system, offering exploration upside for Bolt Cutter Central.

- Positive factor: Exceptional lithium grade \(2.0% Li2O\).

- Positive factor: Identifies additional mineralised pegmatites outside the main system, providing exploration upside.

- Negative factor: Narrow intercept width \(2m\) limits immediate economic significance.

Evidence · text

> BCRC108 returned 2m @ 2.0% Li₂O from 20m

#### 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

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: 2.0% Li2O is well above the exceptional threshold for lithium \(>=1.8% Li2O\).

Evidence · text

> 2.0% Li₂O

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: This intercept is from 'exploration drilling outside the principal Harry-Hermione system' and 'identified additional mineralised pegmatites'.

Evidence · text

> Exploration drilling outside the principal Harry-Hermione system also identified additional mineralised pegmatites.

### BCRC102

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-drill-facts-9)

Bolt Cutter Central · lithium

#### Identity

- Hole ID: BCRC102
- Project: Bolt Cutter Central
- Commodity: lithium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WC8

#### Geometry

- Grade: 1
- Grade Unit: %
- Intercept: 3 m
- From: 45 m
- To: 48 m
- Intercept Depth: 45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: BCRC102:45-48
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This intercept, while narrow, shows moderate lithium grade and extends mineralization along strike, indicating potential for further exploration success at Bolt Cutter Central.

- Positive factor: Moderate lithium grade \(1.0% Li2O\).

- Positive factor: Extends mineralisation approximately 300m along strike, indicating potential for growth.

- Negative factor: Narrow intercept width \(3m\) limits immediate economic significance.

Evidence · text

> drilling on adjacent E 45/5416 returned 3m @ 1.0% Li₂O from 45m \(BCRC102\), extending mineralisation approximately 300m along strike from the previously reported BCRC087 intersection.

#### 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

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: 1.0% Li2O is within the moderate grade band for lithium \(0.9% to 1.3% Li2O\).

Evidence · text

> 1.0% Li₂O

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The intercept 'extending mineralisation approximately 300m along strike' indicates a step-out extension.

Evidence · text

> extending mineralisation approximately 300m along strike

## Resource Estimates (35)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-10)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2daff1c07cdb76c9aec8

#### Resource Data

- Category: indicated
- Tonnes: 70000000
- Grade: 1.01
- Grade Unit: % Li2O
- Contained Metal: 709100
- Contained Unit: t
- Cutoff Grade: 0.45
- Cutoff Unit: % Li2O

#### Prior Estimate

- Resource Date: 2024-11-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated resource for Tabba Tabba shows a good lithium grade over a large tonnage, providing a solid foundation, but its age means it has low novelty for this report.

- Positive factor: High confidence category \(Indicated\) for a significant portion of the resource.

- Positive factor: Good lithium grade \(1.01% Li2O\) for a large tonnage.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 70.0

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-11)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2daff1c07cdb76c9aec8

#### 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated resource for tantalum, a byproduct, has low novelty due to its age but provides context for the project's polymetallic nature.

- Positive factor: High confidence category \(Indicated\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 70.0

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-12)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2daff1c07cdb76c9aec8

#### 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated resource for iron oxide, a byproduct, has low novelty due to its age but provides context for the project's polymetallic nature.

- Positive factor: High confidence category \(Indicated\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 70.0

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-13)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:c67317ab390dff4a5110

#### Resource Data

- Category: inferred
- Tonnes: 4100000
- Grade: 0.76
- Grade Unit: % Li2O
- Contained Metal: 31100
- Contained Unit: t
- Cutoff Grade: 0.45
- Cutoff Unit: % Li2O

#### Prior Estimate

- Resource Date: 2024-11-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred resource for lithium has low novelty due to its age and lower confidence category, providing context but not new information for this report.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) means geological continuity is assumed but not confirmed.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 4.1

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-14)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:c67317ab390dff4a5110

#### Resource Data

- Category: inferred
- Tonnes: 4100000
- Grade: 65
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred resource for tantalum, a byproduct, has low novelty due to its age and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for a byproduct commodity.

Evidence · table

> 65

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 4.1

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-15)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:c67317ab390dff4a5110

#### 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred resource for iron oxide, a byproduct, has low novelty due to its age and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for a byproduct commodity.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 4.1

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-16)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:4770363931cc94dd3443

#### Resource Data

- Tonnes: 74100000
- Grade: 1
- Grade Unit: % Li2O
- Contained Metal: 740200
- Contained Unit: t
- Cutoff Grade: 0.45
- Cutoff Unit: % Li2O

#### Prior Estimate

- Resource Date: 2024-11-28

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total resource for Tabba Tabba shows a large tonnage with a good average lithium grade, but its age means it has low novelty for this report.

- Positive factor: Large total resource tonnage with a good average lithium grade.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

Evidence · table

> 1.00

Context: 74.1

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-17)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:4770363931cc94dd3443

#### 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total resource for tantalum, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

Evidence · table

> 54

Context: 74.1

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-18)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:4770363931cc94dd3443

#### 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total resource for iron oxide, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

Evidence · table

> 0.65

Context: 74.1

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba JORC \(2012\) MRE

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-19)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:f9c00171b8f802e65432
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated tantalum resource, specific to the Tabba Tabba Pegmatite, has low novelty due to its age but provides context for the project's tantalum potential.

- Positive factor: High confidence category \(Indicated\) for the tantalum resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 1.19

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-20)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:f9c00171b8f802e65432
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated resource for lithium, a byproduct, has low novelty due to its age and low grade.

- Positive factor: High confidence category \(Indicated\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 1.19

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-21)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:f9c00171b8f802e65432
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated resource for iron oxide, a byproduct, has low novelty due to its age.

- Positive factor: High confidence category \(Indicated\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 1.19

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-22)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:289a287a1fde81316adc
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred tantalum resource, specific to the Tabba Tabba Pegmatite, has low novelty due to its age and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for a small tonnage.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 0.01

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-23)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:289a287a1fde81316adc
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred resource for lithium, a byproduct, has low novelty due to its age and very low grade.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for a byproduct commodity with very low grade.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 0.01

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-24)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:289a287a1fde81316adc
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred resource for iron oxide, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for a byproduct commodity.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 0.01

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-25)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2449ec955da59985c68e
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total tantalum resource, specific to the Tabba Tabba Pegmatite, has low novelty due to its age but provides context for the project's tantalum potential.

- Positive factor: Good tantalum grade for the total resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

Evidence · table

> 482

Context: 1.20

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### Tabba Tabba Pegmatite

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-26)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2449ec955da59985c68e
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total resource for lithium, a byproduct, has low novelty due to its age and very low grade.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Very low grade for lithium as a byproduct.

Evidence · table

> 0.09

Context: 1.20

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

### Tabba Tabba Pegmatite

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-27)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:2449ec955da59985c68e
- 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: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-11-28T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total resource for iron oxide, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

Evidence · table

> 0.76

Context: 1.20

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> Tabba Tabba Tantalum MRE as at 28 November 2024

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-28)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:fd1e7264f09d318d5b88

#### Resource Data

- Category: probable
- Tonnes: 36800000
- Grade: 1
- Grade Unit: % Li2O
- Contained Metal: 366000
- Contained Unit: kt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable reserve for Tabba Tabba shows a good lithium grade over a large tonnage, providing a solid foundation, but its age means it has low novelty for this report.

- Positive factor: High confidence category \(Probable\) for a significant portion of the reserve.

- Positive factor: Good lithium grade \(1.0% Li2O\) for a large tonnage.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 1.00

Context: 36.8

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-29)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:fd1e7264f09d318d5b88

#### Resource Data

- Category: probable
- Tonnes: 36800000
- Grade: 62.4
- Grade Unit: ppm

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable reserve for tantalum, a byproduct, has low novelty due to its age but provides context for the project's polymetallic nature.

- Positive factor: High confidence category \(Probable\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 62.4

Context: 36.8

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-30)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:fd1e7264f09d318d5b88

#### Resource Data

- Category: probable
- Tonnes: 36800000
- Grade: 1.06
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable reserve for iron oxide, a byproduct, has low novelty due to its age.

- Positive factor: High confidence category \(Probable\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 1.06

Context: 36.8

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-31)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:9232290f165af530795b

#### Resource Data

- Category: probable
- Tonnes: 9500000
- Grade: 0.94
- Grade Unit: % Li2O
- Contained Metal: 90000
- Contained Unit: kt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable underground reserve for Tabba Tabba shows a good lithium grade, but its age means it has low novelty for this report.

- Positive factor: High confidence category \(Probable\) for the underground reserve.

- Positive factor: Good lithium grade \(0.94% Li2O\) for the tonnage.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 0.94

Context: 9.5

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-32)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:9232290f165af530795b

#### Resource Data

- Category: probable
- Tonnes: 9500000
- Grade: 51.9
- Grade Unit: ppm

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable underground reserve for tantalum, a byproduct, has low novelty due to its age.

- Positive factor: High confidence category \(Probable\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 51.9

Context: 9.5

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-33)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:9232290f165af530795b

#### Resource Data

- Category: probable
- Tonnes: 9500000
- Grade: 0.86
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Probable underground reserve for iron oxide, a byproduct, has low novelty due to its age.

- Positive factor: High confidence category \(Probable\) for a byproduct commodity.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 0.86

Context: 9.5

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-34)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:91ce57f7ca1947ed77e8

#### Resource Data

- Category: probable
- Tonnes: 46300000
- Grade: 0.99
- Grade Unit: % Li2O
- Contained Metal: 456000
- Contained Unit: kt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total probable reserve for Tabba Tabba shows a large tonnage with a good average lithium grade, but its age means it has low novelty for this report.

- Positive factor: Large total probable reserve tonnage with a good average lithium grade.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 0.99

Context: 46.3

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-35)

Tabba Tabba · tantalum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: tantalum
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:91ce57f7ca1947ed77e8

#### Resource Data

- Category: probable
- Tonnes: 46300000
- Grade: 60.2
- Grade Unit: ppm

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total probable reserve for tantalum, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 60.2

Context: 46.3

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-36)

Tabba Tabba · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: iron\_ore
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:91ce57f7ca1947ed77e8

#### Resource Data

- Category: probable
- Tonnes: 46300000
- Grade: 1.02
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total probable reserve for iron oxide, a byproduct, has low novelty due to its age.

- Negative factor: Estimate is historical and over 1 year old, raising concerns about data currency.

Evidence · table

> 1.02

Context: 46.3

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The reserve is based on a JORC \(2012\) MRE, implying JORC compliance.

Evidence · text

> The Ore Reserve is based on the November 2024 Mineral Resource Estimate \(MRE\) \(Table 1\)

**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

**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

**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-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-37)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:76406b2990c83796d800
- Deposit or zone: Hobbs Pipe Gold Deposit
- Material type: oxides

#### 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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated gold resource for Hobbs Pipe has very low novelty due to its age and relatively low grade, providing background context.

- Positive factor: High confidence category \(Indicated\) for the resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Low gold grade \(0.9 g/t Au\) for an indicated resource.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 0.6

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-38)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:8e4b1d644a2b69bd3759
- Deposit or zone: Hobbs Pipe Gold Deposit
- Material type: fresh

#### 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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated gold resource for Hobbs Pipe has very low novelty due to its age, providing background context.

- Positive factor: High confidence category \(Indicated\) for the resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Moderate gold grade \(1.0 g/t Au\) for an indicated resource.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 3.0

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-39)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:fd21a60e63108a17d47e
- Deposit or zone: Hobbs Pipe Gold Deposit
- Material type: fresh

#### 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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Indicated gold resource for Hobbs Pipe has very low novelty due to its age, providing background context.

- Positive factor: High confidence category \(Indicated\) for the resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Moderate gold grade \(1.2 g/t Au\) for an indicated resource.

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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 8.5

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-40)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:07c45e793d8ebb243e80
- Deposit or zone: Hobbs Pipe Gold Deposit

#### Resource Data

- Category: indicated
- Tonnes: 12100000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 440000
- Contained Unit: oz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total Indicated gold resource for Hobbs Pipe has very low novelty due to its age, providing background context.

- Positive factor: High confidence category \(Indicated\) for a significant total resource.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Moderate gold grade \(1.1 g/t Au\) for an indicated resource.

Evidence · table

> 1.1

Context: 12.1

#### 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: The resource is classified as 'Indicated', indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: 12.1

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-41)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:52bf897be2858c38772e
- Deposit or zone: Hobbs Pipe Gold Deposit
- Material type: fresh

#### 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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred gold resource for Hobbs Pipe has very low novelty due to its age, low grade, and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Low gold grade \(0.6 g/t Au\) for an inferred resource.

- Negative factor: Lower confidence category \(Inferred\) means geological continuity is assumed but not confirmed.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 0.2

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-42)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:5a08cd62106f408a5344
- Deposit or zone: Hobbs Pipe Gold Deposit
- Material type: fresh

#### 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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical Inferred gold resource for Hobbs Pipe has very low novelty due to its age and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) means geological continuity is assumed but not confirmed.

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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 8.2

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-43)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:1246605e1eddee4fbdc5
- Deposit or zone: Hobbs Pipe Gold Deposit

#### Resource Data

- Category: inferred
- Tonnes: 8400000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 330000
- Contained Unit: oz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total Inferred gold resource for Hobbs Pipe has very low novelty due to its age and lower confidence category.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Lower confidence category \(Inferred\) for the total resource.

Evidence · table

> 1.1

Context: 8.4

#### 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: The resource is classified as 'Inferred', indicating lower geological confidence.

Evidence · table

> Inferred

Context: 8.4

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

**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

### Hobbs Pipe Gold Deposit

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-resource-facts-44)

Mt Adrah · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Adrah
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WC8

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Sam Hoppe
- Resource group id: resource:1777a34195daa3fb3544
- Deposit or zone: Hobbs Pipe Gold Deposit

#### Resource Data

- Tonnes: 20500000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 770000
- Contained Unit: oz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2013-12-27T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical total gold resource for Hobbs Pipe has very low novelty due to its age, providing background context.

- Positive factor: Significant total gold resource tonnage.

- Negative factor: Estimate is historical and over 2 years old, raising concerns about data currency.

- Negative factor: Moderate gold grade \(1.1 g/t Au\) for the total resource.

Evidence · table

> 1.1

Context: 20.5

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is explicitly stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) Mineral Resources estimate for the Hobbs Pipe Gold Deposit

**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

**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

## Metallurgical Results (1)

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/wc8-quarterly-activities-appendix-5b-cash-flow-report--3bd8ab38-85c4-4c7d-9b68-35db64f3df5a#fact-metallurgical-facts-45)

Tabba Tabba · lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tabba Tabba
- Commodity: lithium
- Region: australia\_wa
- Reported Region: Pilbara, Western Australia
- Ticker: WC8

#### Test Work

- Program Status: preliminary
- Test Type: flotation
- Processing Route: flotation

#### Recovery

- Recovery: 79 %
- Recovery Basis: actual\_test
- Head Grade: 1
- Head Grade Unit: % Li2O
- Conc. Grade: 5.5
- Conc. Grade Unit: % Li2O

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-07-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-12T00:00:00.000Z

Reasoning: This historical preliminary flotation testwork shows strong lithium recovery and a clean concentrate, indicating favorable metallurgy, but its age means it has low novelty for this report.

- Positive factor: Strong lithium recovery \(79%\) for flotation.

- Positive factor: Produced a good concentrate grade \(5.5% Li2O\) with low iron and no deleterious elements, indicating clean ore.

- Negative factor: Test results are historical and over 2 years old, raising concerns about data currency.

- Negative factor: Only 'stage 1' preliminary test results, suggesting further work may be needed.

Evidence · text

> In July 2024 the Company announced stage 1 metallurgical flotation test results of 79% to 84% at head grades of 1.0% to 1.4% Li2O to produce a 5.5% Li2O concentrate with low iron and no deleterious elements.

#### 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

## 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.