# WTM: Broad Shallow Gold in First Goldenclad Drillhole

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154363

Publisher: asx

Original announcement: 2026-10-19T21:24:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-19T22:22:01.163Z

Atlas analysis updated: 2026-10-19T22:22:01.163Z

- Company: Waratah Minerals Limited

- Ticker: WTM

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-10-19 22:22:01 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Waratah Minerals Limited reported highly encouraging partial assay results from its first drill hole, GCD001, at the Goldenclad prospect in New South Wales. The hole intersected a broad zone of shallow gold mineralisation, including 83 m at 1.27 g/t Au from 6 m, with higher-grade sub-intervals up to 8 m at 4.83 g/t Au. These results extend the known mineralised corridor by 1 km and confirm Goldenclad as an important new exploration opportunity for the company.

Reasoning: Waratah Minerals' first drill hole at the new Goldenclad prospect delivered broad, shallow, high-grade gold intercepts, extending the known mineralised corridor by 1 km. The results include 83m at 1.27 g/t Au from 6m, with several higher-grade sub-intervals, indicating a significant new exploration opportunity. The results are supported by JORC compliance and disclosed QA/QC procedures, though true widths are not explicitly stated.

- Positive factor: new\_discovery

- Positive factor: broad\_intercept

- Positive factor: shallow\_mineralization

- Positive factor: step\_out\_extension

- Positive factor: bonanza\_grade

- Positive factor: good\_grade\_width

- Positive factor: qaqc\_disclosed

- Positive factor: compositing\_transparent

- Negative factor: apparent\_width\_only

Facts used in scoring: 11

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drill hole GCD001 at Goldenclad is located approximately 1 km along strike from the Consols Zone, extending the known mineralised corridor.

Evidence · text

> Extends Spur Strike by 1km

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release includes detailed QA/QC procedures, including the use of certified laboratories \(NATA accredited\), QP sign-off, and methods like blanks, standards, and duplicates.

Evidence · text

> Sampling and QAQC procedures are carried out using Waratah protocols as per industry best practice

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The cut-off grades and maximum internal dilution rules for reported intercepts are clearly stated.

Evidence · text

> intercepts calculated at > 0.1 g/t Au, 5m maximum internal dilution, no minimum width.

**Apparent Width Only**

Polarity: negative

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

Why it applies: The reported intervals are downhole lengths, and while the document states they are likely >80% true thickness, an explicit true width is not provided.

Evidence · text

> Significant assay results are calculated as length weighted downhole grade and are not reported as true width.

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The value premise rests on proximity to a known deposit, with Goldenclad located 1 km along strike from the Consols Zone, supporting a broader linked system.

Evidence · text

> Goldenclad’s location approximately 1 kilometre along strike from our current drilling at Consols. We are beginning to see compelling evidence of the broader opportunity across this gold system, with multiple mineralised positions extending from Spur through Consols and now Goldenclad.

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 8m @ 4.83 g/t Au is exceptional for an open-pit gold deposit, exceeding the 3 g/t Au threshold.

Evidence · table

> 4.83

Context: 8.00

## Extracted facts

Stored fact records: 11. Some facts used in scoring do not have a stored record.

## Drill Results (11)

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-0)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.12
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 0 m
- To: 0.5 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:0-0.5
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A very narrow, low-grade intercept of 0.5m at 0.12 g/t Au from surface, part of the initial results from the new Goldenclad zone.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Negative factor: low\_grade

- Negative factor: narrow\_intercept

- Negative factor: apparent\_width\_only

Evidence · table

> 0.12

Context: 0.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-1)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 1.27
- Grade Unit: g/t
- Intercept: 83 m
- From: 6 m
- To: 89 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:6-89
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: First drill hole at Goldenclad intersected a broad, shallow gold zone of 83m at 1.27 g/t Au \(GT=105.41\), which is strong for an open-pit deposit, extending the known mineralised corridor.

- Positive factor: new\_discovery

- Positive factor: broad\_intercept

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 1.27

Context: 83.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-2)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 2.01
- Grade Unit: g/t
- Intercept: 48 m
- From: 6 m
- To: 54 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:6-54
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A significant sub-interval of 48m at 2.01 g/t Au \(GT=96.48\) from 6m, which is strong for an open-pit gold deposit, further enhances the prospectivity of the new Goldenclad zone.

- Positive factor: new\_discovery

- Positive factor: broad\_intercept

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 2.01

Context: 48.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-3)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.58
- Grade Unit: g/t
- Intercept: 9 m
- From: 63 m
- To: 72 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:63-72
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A moderate grade intercept of 9m at 0.58 g/t Au \(GT=5.22\) from 63m, contributing to the overall mineralisation profile at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Negative factor: apparent\_width\_only

Evidence · table

> 0.58

Context: 9.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-4)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 0.78
- Grade Unit: g/t
- Intercept: 1 m
- From: 78 m
- To: 79 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:78-79
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A narrow, moderate grade intercept of 1m at 0.78 g/t Au \(GT=0.78\) from 78m, part of the overall mineralisation at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Negative factor: apparent\_width\_only

Evidence · table

> 0.78

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-5)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 2.23
- Grade Unit: g/t
- Intercept: 42 m
- From: 12 m
- To: 54 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:12-54
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A strong sub-interval of 42m at 2.23 g/t Au \(GT=93.66\) from 12m, which is strong for an open-pit gold deposit, highlights the high-grade potential within the shallow mineralisation at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: broad\_intercept

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 2.23

Context: 42.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-6)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 3.16
- Grade Unit: g/t
- Intercept: 1 m
- From: 71 m
- To: 72 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:71-72
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A narrow, high-grade intercept of 1m at 3.16 g/t Au \(GT=3.16\) from 71m, which is exceptional for an open-pit gold deposit, contributing to the overall mineralisation at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Negative factor: apparent\_width\_only

Evidence · table

> 3.16

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-7)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 2.23
- Grade Unit: g/t
- Intercept: 18 m
- From: 14 m
- To: 32 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:14-32
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 2
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A strong sub-interval of 18m at 2.23 g/t Au \(GT=40.14\) from 14m, which is strong for an open-pit gold deposit, further defining the high-grade zones at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 2.23

Context: 18.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-8)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 3.54
- Grade Unit: g/t
- Intercept: 1 m
- From: 39 m
- To: 40 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:39-40
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 2
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A narrow, high-grade intercept of 1m at 3.54 g/t Au \(GT=3.54\) from 39m, which is exceptional for an open-pit gold deposit, contributing to the high-grade zones at Goldenclad.

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Negative factor: apparent\_width\_only

Evidence · table

> 3.54

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-9)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 4.83
- Grade Unit: g/t
- Intercept: 8 m
- From: 46 m
- To: 54 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:46-54
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 2
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A high-grade sub-interval of 8m at 4.83 g/t Au \(GT=38.64\) from 46m, which is exceptional for an open-pit gold deposit, indicating significant high-grade potential within the new Goldenclad zone.

- Positive factor: bonanza\_grade

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 4.83

Context: 8.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

### GCD001

[Link to this fact](https://atlas-staging.minestarters.com/news/wtm-broad-shallow-gold-in-first-goldenclad-drillhole--bc59a103-ceb7-403e-a0b7-6dfbaaf62552#fact-drill-facts-10)

Goldenclad · gold

#### Identity

- Hole ID: GCD001
- Project: Goldenclad
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: WTM

#### Geometry

- Grade: 3.75
- Grade Unit: g/t
- Intercept: 6 m
- From: 26 m
- To: 32 m
- Hole Depth: 443 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: GCD001:26-32
- Mining Method: open\_pit

#### Location

- Easting: 667580
- Northing: 6300577
- CRS: GDA 1994, MGA \(Zone 55\)
- EPSG: 28355
- Elevation: 611 m
- Azimuth: 330 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS and ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 3
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A high-grade sub-interval of 6m at 3.75 g/t Au \(GT=22.5\) from 26m, which is exceptional for an open-pit gold deposit, further confirming the high-grade potential within the new Goldenclad zone.

- Positive factor: bonanza\_grade

- Positive factor: new\_discovery

- Positive factor: shallow\_mineralization

- Positive factor: good\_grade\_width

- Negative factor: apparent\_width\_only

Evidence · table

> 3.75

Context: 6.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno"

## 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.