# WSR: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wsr-annual-report-to-shareholders--c6a412b4-dd9d-48f2-b178-e8d7af1542a4 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146112 Publisher: asx Original announcement: 2026-09-30T02:58:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T03:03:11.433Z Atlas analysis updated: 2026-09-30T03:03:11.433Z - Company: Westar Resources Limited - Ticker: WSR - Exchange: ASX - Region: Western Australia, Northern Territory - Primary commodity: Gold - Secondary commodities: Copper, Zinc, Lead, Molybdenum, Bismuth, Tungsten - Document categories: Drill results, Other - Extracted: 2026-09-30 03:03:12 UTC Narrative sentiment: -0.10 · Bearish ## Minestarters Atlas summary Westar Resources Limited's Annual Report for the year ended 30 June 2026 details a significant loss of $3.3 million, including a $2.2 million impairment of exploration assets. The company acquired several new gold and base metal projects in Western Australia and the Northern Territory, and outlined ongoing exploration plans. The report re-states historical anomalous drill results from the Gidgee North Project but does not announce any new material drill results or resource updates. Reasoning: The document is an annual report summarizing corporate activities and financial performance, including a significant loss and impairment. Exploration updates primarily focus on project acquisitions, planning, and historical results rather than new material discoveries, leading to low novelty. - Positive factor: Acquisition of new projects - Positive factor: Ongoing exploration plans - Positive factor: NT Government funding for airborne survey - Negative factor: Significant financial loss - Negative factor: Impairment of exploration assets - Negative factor: No new material exploration results reported Facts used in scoring: 3 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/wsr-annual-report-to-shareholders--c6a412b4-dd9d-48f2-b178-e8d7af1542a4#fact-drill-facts-0) Gidgee North · molybdenum Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Gidgee North - Commodity: molybdenum - Region: wa - Reported Region: wa - Ticker: WSR #### Geometry - Grade: 985 - Grade Unit: ppm #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical anomalous result from March 2025, not new information, and lacks QA/QC details. Compared to prior company results, this molybdenum grade is very high. - Negative factor: Stale data re-release - Negative factor: No QA/QC disclosure Evidence · text > peak values of 985ppm Mo #### Tags used in scoring **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 **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: Results from the March 2025 quarter are re-reported without new assays in this annual report. Evidence · text > March 2025 quarter **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: No QA/QC details are provided for these specific historical results in the document. Evidence · text > Assays from two RC holes drilled in the March 2025 quarter at the Mageye anomaly returned strongly anomalous molybdenum, bismuth, and tungsten values with peak values of 985ppm Mo, 858ppm Bi, and 98ppm W in one of the holes. ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/wsr-annual-report-to-shareholders--c6a412b4-dd9d-48f2-b178-e8d7af1542a4#fact-drill-facts-1) Gidgee North · bismuth Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Gidgee North - Commodity: bismuth - Region: wa - Reported Region: wa - Ticker: WSR #### Geometry - Grade: 858 - Grade Unit: ppm #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical anomalous result from March 2025, not new information, and lacks QA/QC details. Compared to prior company results, this bismuth grade is very high. - Negative factor: Stale data re-release - Negative factor: No QA/QC disclosure Evidence · text > 858ppm Bi #### Tags used in scoring **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 **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: Results from the March 2025 quarter are re-reported without new assays in this annual report. Evidence · text > March 2025 quarter **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: No QA/QC details are provided for these specific historical results in the document. Evidence · text > Assays from two RC holes drilled in the March 2025 quarter at the Mageye anomaly returned strongly anomalous molybdenum, bismuth, and tungsten values with peak values of 985ppm Mo, 858ppm Bi, and 98ppm W in one of the holes. ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/wsr-annual-report-to-shareholders--c6a412b4-dd9d-48f2-b178-e8d7af1542a4#fact-drill-facts-2) Gidgee North · tungsten Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Gidgee North - Commodity: tungsten - Region: wa - Reported Region: wa - Ticker: WSR #### Geometry - Grade: 98 - Grade Unit: ppm #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical anomalous result from March 2025, not new information, and lacks QA/QC details. Compared to prior company results, this tungsten grade is low. - Negative factor: Stale data re-release - Negative factor: No QA/QC disclosure Evidence · text > 98ppm W #### Tags used in scoring **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 **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: Results from the March 2025 quarter are re-reported without new assays in this annual report. Evidence · text > March 2025 quarter **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: No QA/QC details are provided for these specific historical results in the document. Evidence · text > Assays from two RC holes drilled in the March 2025 quarter at the Mageye anomaly returned strongly anomalous molybdenum, bismuth, and tungsten values with peak values of 985ppm Mo, 858ppm Bi, and 98ppm W in one of the holes. ## 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.