XPD: Annual Report to shareholders
Original announcement by asx on
- Company
- Xpedra Resources Limited
- Ticker
- XPD
- Exchange
- ASX
- Region
- New South Wales, Australia
- Primary commodity
- Gold
- Secondary commodities
- Antimony, Uranium
- Document categories
- Drill results, Agreement transaction, Capital raise
- Extracted
- 2026-09-30 10:14:37 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Xpedra Resources Limited reported a net loss of $7.5 million for the year ended June 30, 2026, but highlighted a strategic repositioning towards Australian gold exploration. Key achievements include the acquisition of the Springfield Gold Deposit and the Neeld Gold Project in New South Wales, alongside successful drilling at Springfield which returned broad, high-grade gold intercepts and extended mineralization at depth. The company also divested non-core assets and completed capital raises totaling $5.4 million to fund its exploration and acquisition activities.
Reasoning: Xpedra Resources has made a significant strategic shift towards Australian gold, marked by strong drill results at Springfield and the acquisition of the historically high-grade Neeld project, which are positive developments despite a net loss and exploration impairments.
Positive factors
- Strong drill results at Springfield, including high-grade intercepts and significant extensions of mineralization.
- Strategic repositioning to focus on high-grade gold opportunities in New South Wales.
- Acquisition of the Neeld Gold Project, which has a history of high-grade gold production.
- Successful capital raises to fund exploration and acquisitions.
- Divestment of non-core assets to streamline the portfolio.
Negative factors
- Significant net loss for the financial year.
- Impairment of exploration expenditure on several projects.
- Share dilution from capital raises.
- Reliance on historical data for the Neeld Gold Project without recent verification.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 31
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 13m @ 10.21g/t Au in SFRC025 is well above the exceptional threshold for gold in an open-pit setting (5 g/t).
Evidence · text
“13m @ 10.21g/t Au from 81 metres”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling extended the strike length of mineralization to 400m and down-dip to 150m, and deeper drilling tested down-dip extensions.
Evidence · text
“extended the strike extent of the continuously mineralised corridor to approximately 400 metres and demonstrated the down-dip continuation of mineralisation to at least 150 metres.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: All reported intercepts are given as downhole lengths without any mention of true width or drill orientation relative to mineralization.
Evidence · text
“94m @ 2.00g/t Au from 80 metres”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Rockvale Gold-Antimony Project is positioned as important due to its immediate adjacency to Larvotto Resources' recently commissioned Hillgrove gold-antimony mine.
Evidence · text
“The Company’s 100%-owned Rockvale Gold-Antimony Project is located in northern New South Wales, immediately adjacent to Larvotto Resources’ recently commissioned Hillgrove gold-antimony mine.”
Dilutive Growthnegative · Story-specific tag
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: The company raised $5.4 million through two placements, issuing approximately 316 million shares in total, which significantly increases the share count and dilutes existing shareholders.
Evidence · text
“Across two placements completed during the year, Xpedra raised approximately $5.4 million before costs, strengthening its balance sheet and providing funding for the Company’s exploration programs and acquisitions.”
Historical Estimate Onlynegative · Story-specific tag
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Neeld Gold Project's production figures are from 1894-1915, explicitly stated as historical production, not a current resource estimate.
Evidence · text
“Recorded historical production from the West Wyalong Goldfield between 1894 and 1915 totalled approximately 439,000 ounces of gold at an average recovered grade of approximately 41g/t Au.”
Extracted facts
Stored fact records: 31. Some facts used in scoring do not have a stored record.
Drill Results (31)
SFRC025Springfield Gold Deposit · goldGrade: 2Grade Unit: g/tIntercept: 94 mView all detailsHide details
Identity
- Hole ID
- SFRC025
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2
- Grade Unit
- g/t
- Intercept
- 94 m
- From
- 80 m
- To
- 174 m
- Intercept Depth
- 80 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC025:80-174
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept, while below the project average grade, contributes to the overall understanding of the mineralized system's scale and continuity at Springfield, which is a key focus for the company.
Positive factors
- Broad intercept length indicates significant mineralization.
- Part of a program that extended mineralization down-dip and along strike.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“94m @ 2.00g/t Au from 80 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC025Springfield Gold Deposit · goldGrade: 10.21Grade Unit: g/tIntercept: 13 mView all detailsHide details
Identity
- Hole ID
- SFRC025
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 10.21
- Grade Unit
- g/t
- Intercept
- 13 m
- From
- 81 m
- To
- 94 m
- Intercept Depth
- 80 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC025:81-94
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade intercept is a bonanza result for the Springfield project, matching the best grade previously reported and indicating strong potential for economic mineralization, contributing significantly to the project's prospectivity.
Positive factors
- Exceptionally high-grade intercept, well above the project average and bonanza threshold for open pit gold.
- Confirms the presence of significant high-grade zones within the broader mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“13m @ 10.21g/t Au from 81 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC025Springfield Gold Deposit · goldGrade: 1.37Grade Unit: g/tIntercept: 22 mView all detailsHide details
Identity
- Hole ID
- SFRC025
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.37
- Grade Unit
- g/t
- Intercept
- 22 m
- From
- 147 m
- To
- 169 m
- Intercept Depth
- 80 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC025:147-169
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept, while contributing to the overall width, is of lower grade compared to the project average, suggesting variability within the mineralized zone.
Positive factors
- Contributes to the overall broad mineralization in the hole.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“22m @ 1.37g/t Au from 147 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC030Springfield Gold Deposit · goldGrade: 1.34Grade Unit: g/tIntercept: 64 mView all detailsHide details
Identity
- Hole ID
- SFRC030
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.34
- Grade Unit
- g/t
- Intercept
- 64 m
- From
- 140 m
- To
- 204 m
- Intercept Depth
- 140 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC030:140-204
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept from deeper drilling is positive for extending the known mineralization down-dip, even though the grade is below the project average, indicating potential for a larger system.
Positive factors
- Broad intercept length, extending mineralization down-dip.
- Demonstrates continuity of the mineralized system at depth.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“64m @ 1.34g/t Au from 140 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC030Springfield Gold Deposit · goldGrade: 2.41Grade Unit: g/tIntercept: 21 mView all detailsHide details
Identity
- Hole ID
- SFRC030
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2.41
- Grade Unit
- g/t
- Intercept
- 21 m
- From
- 167 m
- To
- 188 m
- Intercept Depth
- 140 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC030:167-188
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This higher-grade sub-interval within a deeper intercept is positive for demonstrating the presence of better grades at depth, supporting the continuity of the mineralized system.
Positive factors
- Higher-grade interval within the broader intercept, contributing to overall metal content.
- Supports the extension of mineralization at depth.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“21m @ 2.41g/t Au from 167 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC030Springfield Gold Deposit · goldGrade: 3.68Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- SFRC030
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 3.68
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 176 m
- To
- 186 m
- Intercept Depth
- 140 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC030:176-186
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows good grade continuity at depth, reinforcing the potential for a significant mineralized system that remains open.
Positive factors
- Grade is close to the project average (3.614 g/t Au) from RAG comparables, indicating good quality mineralization at depth.
- Further supports the extension of mineralization at depth.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“10m @ 3.68g/t Au from 176 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC017Springfield Gold Deposit · goldGrade: 2.97Grade Unit: g/tIntercept: 24 mView all detailsHide details
Identity
- Hole ID
- SFRC017
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2.97
- Grade Unit
- g/t
- Intercept
- 24 m
- From
- 0 m
- To
- 24 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC017:0-24
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This shallow intercept from surface is positive for potential open-pit development, demonstrating near-surface mineralization, though the grade is slightly below the project average.
Positive factors
- Shallow intercept from surface, indicating potential for open-pit mining.
- Good grade for a broad shallow intercept.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“24m @ 2.97g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC017Springfield Gold Deposit · goldGrade: 4.27Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- SFRC017
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 4.27
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 0 m
- To
- 15 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC017:0-15
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval from surface is a strong positive, indicating excellent shallow mineralization and improving the overall economic potential of the project.
Positive factors
- High-grade interval from surface, exceeding the project average (3.614 g/t Au) from RAG comparables.
- Enhances the potential for economic shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“15m @ 4.27g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC017Springfield Gold Deposit · goldGrade: 6.71Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- SFRC017
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 6.71
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 0 m
- To
- 8 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC017:0-8
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very high-grade intercept from surface is a significant positive, highlighting bonanza grades in the shallow portion of the deposit and enhancing its economic viability.
Positive factors
- Very high-grade interval from surface, significantly exceeding the project average (3.614 g/t Au) and bonanza threshold for open pit gold.
- Strong indicator of high-quality shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“8m @ 6.71g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC018Springfield Gold Deposit · goldGrade: 2.03Grade Unit: g/tIntercept: 44 mView all detailsHide details
Identity
- Hole ID
- SFRC018
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2.03
- Grade Unit
- g/t
- Intercept
- 44 m
- From
- 1 m
- To
- 45 m
- Intercept Depth
- 1 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC018:1-45
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad, near-surface intercept is positive for defining the shallow mineralized footprint, though the grade is below the project average.
Positive factors
- Broad intercept length from near surface, indicating potential for open-pit mining.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“44m @ 2.03g/t Au from 1 metre”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC018Springfield Gold Deposit · goldGrade: 4.04Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- SFRC018
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 4.04
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 1 m
- To
- 8 m
- Intercept Depth
- 1 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC018:1-8
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval from near surface is positive, indicating good quality mineralization within the broader shallow zone.
Positive factors
- High-grade interval from near surface, exceeding the project average (3.614 g/t Au) from RAG comparables.
- Enhances the potential for economic shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“7m @ 4.04g/t Au from 1 metre”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC018Springfield Gold Deposit · goldGrade: 3.46Grade Unit: g/tIntercept: 12 mView all detailsHide details
Identity
- Hole ID
- SFRC018
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 3.46
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 25 m
- To
- 37 m
- Intercept Depth
- 1 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC018:25-37
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization within the shallow zone, supporting the overall prospectivity.
Positive factors
- Good grade for the interval length, contributing to the overall metal content of the hole.
Negative factors
- Grade is slightly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“12m @ 3.46g/t Au from 25 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC011Springfield Gold Deposit · goldGrade: 1.32Grade Unit: g/tIntercept: 55 mView all detailsHide details
Identity
- Hole ID
- SFRC011
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.32
- Grade Unit
- g/t
- Intercept
- 55 m
- From
- 0 m
- To
- 55 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC011:0-55
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad, shallow intercept contributes to the understanding of the overall mineralized system, though the grade is lower than the project average.
Positive factors
- Broad intercept length from surface, indicating potential for open-pit mining.
- Demonstrates shallow mineralization continuity.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“55m @ 1.32g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC011Springfield Gold Deposit · goldGrade: 2.79Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- SFRC011
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2.79
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 7 m
- To
- 22 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC011:7-22
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization within the shallow zone, supporting the overall prospectivity.
Positive factors
- Good grade for the interval length, contributing to the overall metal content of the hole.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“15m @ 2.79g/t Au from 7 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC011Springfield Gold Deposit · goldGrade: 4.09Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- SFRC011
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 4.09
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 7 m
- To
- 13 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC011:7-13
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval from near surface is positive, indicating good quality mineralization within the broader shallow zone.
Positive factors
- High-grade interval, exceeding the project average (3.614 g/t Au) from RAG comparables.
- Enhances the potential for economic shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“6m @ 4.09g/t Au from 7 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC013Springfield Gold Deposit · goldGrade: 1.9Grade Unit: g/tIntercept: 37 mView all detailsHide details
Identity
- Hole ID
- SFRC013
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.9
- Grade Unit
- g/t
- Intercept
- 37 m
- From
- 0 m
- To
- 37 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC013:0-37
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad, shallow intercept contributes to the understanding of the overall mineralized system, though the grade is lower than the project average.
Positive factors
- Broad intercept length from surface, indicating potential for open-pit mining.
- Demonstrates shallow mineralization continuity.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“37m @ 1.90g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC013Springfield Gold Deposit · goldGrade: 3.5Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- SFRC013
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 3.5
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 3 m
- To
- 14 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC013:3-14
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization within the shallow zone, supporting the overall prospectivity.
Positive factors
- Good grade for the interval length, contributing to the overall metal content of the hole.
Negative factors
- Grade is slightly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“11m @ 3.50g/t Au from 3 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC014Springfield Gold Deposit · goldGrade: 2.66Grade Unit: g/tIntercept: 16 mView all detailsHide details
Identity
- Hole ID
- SFRC014
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 2.66
- Grade Unit
- g/t
- Intercept
- 16 m
- From
- 0 m
- To
- 16 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC014:0-16
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This shallow intercept from surface is positive for defining the shallow mineralized footprint, though the grade is below the project average.
Positive factors
- Shallow intercept from surface, indicating potential for open-pit mining.
- Demonstrates shallow mineralization continuity.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“16m @ 2.66g/t Au from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC014Springfield Gold Deposit · goldGrade: 5Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- SFRC014
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 5
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 5 m
- To
- 13 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC014:5-13
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval from near surface is positive, indicating bonanza grades within the broader shallow zone.
Positive factors
- High-grade interval, exceeding the project average (3.614 g/t Au) and bonanza threshold for open pit gold.
- Enhances the potential for economic shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“8m @ 5.00g/t Au from 5 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC004Springfield Gold Deposit · goldGrade: 1.35Grade Unit: g/tIntercept: 52 mView all detailsHide details
Identity
- Hole ID
- SFRC004
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.35
- Grade Unit
- g/t
- Intercept
- 52 m
- From
- 20 m
- To
- 72 m
- Intercept Depth
- 20 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC004:20-72
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept contributes to the overall understanding of the mineralized system's scale and continuity at Springfield, though the grade is lower than the project average.
Positive factors
- Broad intercept length, indicating significant mineralization at shallow to moderate depths.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“52m @ 1.35g/t Au from 20 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC004Springfield Gold Deposit · goldGrade: 3.03Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- SFRC004
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 3.03
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 39 m
- To
- 50 m
- Intercept Depth
- 20 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC004:39-50
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization within the shallow to moderate depth zone, supporting the overall prospectivity.
Positive factors
- Good grade for the interval length, contributing to the overall metal content of the hole.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“11m @ 3.03g/t Au from 39 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC004Springfield Gold Deposit · goldGrade: 5.69Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- SFRC004
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 5.69
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 39 m
- To
- 43 m
- Intercept Depth
- 20 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC004:39-43
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval is positive, indicating bonanza grades within the broader shallow to moderate depth zone.
Positive factors
- High-grade interval, exceeding the project average (3.614 g/t Au) and bonanza threshold for open pit gold.
- Enhances the potential for economic shallow mineralization.
Negative factors
- Apparent width only, true width not disclosed.
Evidence · text
“4m @ 5.69g/t Au from 39 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC001Springfield Gold Deposit · goldGrade: 1.84Grade Unit: g/tIntercept: 36 mView all detailsHide details
Identity
- Hole ID
- SFRC001
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 1.84
- Grade Unit
- g/t
- Intercept
- 36 m
- From
- 19 m
- To
- 55 m
- Intercept Depth
- 19 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC001:19-55
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept contributes to the overall understanding of the mineralized system's scale and continuity at Springfield, though the grade is lower than the project average.
Positive factors
- Broad intercept length, indicating significant mineralization at shallow to moderate depths.
Negative factors
- Grade is significantly below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“36m @ 1.84g/t Au from 19 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
SFRC001Springfield Gold Deposit · goldGrade: 3.1Grade Unit: g/tIntercept: 13 mView all detailsHide details
Identity
- Hole ID
- SFRC001
- Project
- Springfield Gold Deposit
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- XPD
Geometry
- Grade
- 3.1
- Grade Unit
- g/t
- Intercept
- 13 m
- From
- 20 m
- To
- 33 m
- Intercept Depth
- 19 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SFRC001:20-33
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides further evidence of consistent mineralization within the shallow to moderate depth zone, supporting the overall prospectivity.
Positive factors
- Good grade for the interval length, contributing to the overall metal content of the hole.
Negative factors
- Grade is below the project average (3.614 g/t Au) from RAG comparables.
- Apparent width only, true width not disclosed.
Evidence · text
“13m @ 3.10g/t Au from 20 metres”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 25Springfield · goldView all detailsHide details
Identity
- Project
- Springfield
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales, Australia
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The acquisition of LM2 Metals Pty Ltd, and thereby the Springfield Gold Deposit, is a highly material and positive strategic move, providing a core asset for the company's new focus on Australian gold exploration.
Positive factors
- Acquisition of a key gold project with known mineralization and significant exploration potential.
- Central to the company's strategic repositioning towards Australian gold.
Evidence · text
“Completed the acquisition of 100% of LM2 Metals Pty Ltd, providing ownership of the Springfield Gold Deposit and a broader portfolio of gold and gold-antimony projects in New South Wales.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 26Neeld Gold Project · goldView all detailsHide details
Identity
- Project
- Neeld Gold Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales, Australia
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The acquisition of the Neeld Gold Project is a positive strategic move, adding another high-potential gold asset in New South Wales with a history of high-grade production, complementing the Springfield project.
Positive factors
- Acquisition of a second substantial gold exploration opportunity in New South Wales.
- Project has significant historical production at high grades.
Evidence · text
“Entered into agreements to acquire the Neeld Gold Project, encompassing a significant portion of the historical West Wyalong Goldfield, which recorded historical production of approximately 439,000oz of gold at an average recovered grade of approximately 41g/t Au. Completed the acquisition subsequent to year-end.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 27Hidden Bay · uraniumView all detailsHide details
Identity
- Project
- Hidden Bay
- Commodity
- uranium
- Region
- canada
- Reported Region
- Canada
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The divestment of the Hidden Bay Uranium Project is a positive step in streamlining the company's portfolio and focusing on core gold assets, while still retaining some upside potential.
Positive factors
- Divestment of a non-core asset, aligning with the company's strategic repositioning.
- Removes ongoing expenditure obligations while retaining exposure to future success via shares and royalty.
Evidence · text
“Completed the divestment of the non-core Hidden Bay Uranium Project.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 28PichaView all detailsHide details
Identity
- Project
- Picha
- Region
- peru
- Reported Region
- Peru
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The dilution of the Peru joint venture interest to a 1% NSR is a neutral to slightly positive move, as it reduces non-core exposure while retaining a royalty interest.
Positive factors
- Reduces exposure to non-core assets and allows focus on primary projects.
Negative factors
- Loss of direct ownership in the Peruvian projects.
Evidence · text
“allowing its Peru joint venture interest to dilute to a 1% net smelter royalty.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 29View all detailsHide details
Identity
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This placement successfully raised capital to fund strategic initiatives, but at the cost of significant dilution to existing shareholders.
Positive factors
- Strengthens the balance sheet and provides funding for acquisitions and exploration programs.
Negative factors
- Significant share dilution for existing shareholders.
Evidence · text
“In September 2025, the Company announced a two-tranche placement to raise approximately $2.2 million before costs through the issue of approximately 157.1 million shares at $0.014 per share.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 30View all detailsHide details
Identity
- Ticker
- XPD
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This placement successfully raised capital to fund the Neeld acquisition and exploration, reflecting improved market sentiment, but still resulted in significant dilution.
Positive factors
- Provides funding for the acquisition of the Neeld Gold Project and ongoing exploration.
- Raised at a higher share price than the previous placement, indicating improved market confidence.
Negative factors
- Significant share dilution for existing shareholders.
Evidence · text
“In April 2026, following the initial drilling success at Springfield and to fund the acquisition of the Neeld Gold Project, the Company raised $3.2 million (before costs) through the issue of approximately 159.25 million shares at $0.02 per share”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 31Neeld Gold Project · goldGrade: 41Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Neeld Gold Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales, Australia
- Ticker
- XPD
Geometry
- Grade
- 41
- Grade Unit
- g/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 1915-12-31T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The historical production figures for the Neeld Gold Project are highly encouraging due to the high grades, but their historical nature means they require modern exploration and resource definition to confirm current economic viability.
Positive factors
- Indicates significant historical high-grade gold production from the area, suggesting strong prospectivity.
Negative factors
- Data is historical (1894-1915) and requires modern verification.
- No current resource estimate, only historical production figures.
Evidence · text
“Recorded historical production from the West Wyalong Goldfield between 1894 and 1915 totalled approximately 439,000 ounces of gold at an average recovered grade of approximately 41g/t Au.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
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.