YAR: Acquisition completed, Arcadia Coal Project, Qld

Original announcement by asx on

Company
Yari Resources
Ticker
YAR
Exchange
ASX
Region
Queensland
Primary commodity
Coal
Secondary commodities
None reported
Document categories
Agreement transaction, Resource update
Extracted
2026-10-19 22:46:08 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Yari Resources has completed the acquisition of the Arcadia Coal Project, establishing a combined 504.9Mt JORC coal resource portfolio in Queensland's Bowen Basin. The acquisition, valued at A$714,000 (illustrative), significantly increases total resources by 126.5% and Indicated Resources by 486.6%, with resource growth materially outpacing equity dilution. The company now shifts focus to unlocking value through resource growth, development studies, and strategic opportunities for its expanded portfolio.

Reasoning: Yari Resources has completed the acquisition of the Arcadia Coal Project, significantly expanding its Queensland coal resource portfolio to over 500Mt, with resource growth materially outpacing equity dilution.

Positive factors

  • Acquisition of Arcadia Coal Project completed
  • Significant increase in total coal resources (126.5%)
  • Substantial growth in Indicated Resources (486.6%)
  • Resource growth materially outpaced equity dilution
  • Strategic consolidation in the Bowen Basin

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 29

Classification and evidence

JORC Compliantpositive

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

Why it applies: The document explicitly states that the coal resources are reported under JORC Code (2012).

Evidence · text

“Yari’s reported JORC Coal Resources to 504.9Mt”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Mr Mark Biggs is named as a Competent Person who has approved the statement as a whole, and the original Arcadia resource was prepared by JB Mining Services Pty Ltd.

Evidence · text

“Mr Biggs has approved the Statement as a whole and consents to its inclusion in this report in the form and context in which it appears.”

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: Total resources increased by 126.5% and Indicated Resources increased by 486.6% due to the acquisition.

Evidence · text

“total resources increase 126.5% and Indicated Resources increase 486.6%”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: Indicated Resources increased by 486.6%, significantly improving the confidence level of the overall resource portfolio.

Evidence · text

“Indicated Resources increase 486.6%”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an expanded resource base for the company following an acquisition, combining existing estimates.

Evidence · text

“Expanded resource base and growth assessment”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the combined resource, 307.2Mt, is classified as Inferred, which is a speculative category.

Evidence · text

“comprising 197.7Mt Indicated and 307.2Mt Inferred Resources”

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Resource Estimates (28)

indicatedCombined Yari Coal Portfolio · coalTonnes: 197700000View all details
Link to this fact

Identity

Project
Combined Yari Coal Portfolio
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:cadd38d29dfdd155e76f

Resource Data

Category
indicated
Tonnes
197700000

Prior Estimate

Prior Tonnes
33700000

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The combined portfolio now includes 197.7Mt of Indicated Coal Resources, representing a substantial increase and improved confidence in the resource base.

Positive factors

  • Significant increase in Indicated Resources (486.6%)
  • High confidence category
  • Materially de-risks the project

Evidence · text

“comprising 197.7Mt Indicated and 307.2Mt Inferred Resources in world-class Bowen Basin”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 197700000 against 33700000 previously

inferredCombined Yari Coal Portfolio · coalTonnes: 307200000View all details
Link to this fact

Identity

Project
Combined Yari Coal Portfolio
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:2a8d13bd9390eb1cda95

Resource Data

Category
inferred
Tonnes
307200000

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The combined portfolio includes 307.2Mt of Inferred Coal Resources, contributing to the overall resource scale but representing a lower confidence category.

Positive factors

  • Significant overall resource growth
  • Establishes future exploration potential

Negative factors

  • Lower confidence category

Evidence · text

“comprising 197.7Mt Indicated and 307.2Mt Inferred Resources in world-class Bowen Basin”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedArcadia Coal Project · coalTonnes: 164000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:c2b16bd03945c2f5a94d

Resource Data

Category
indicated
Tonnes
164000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Arcadia Coal Project contributes 164.0Mt of Indicated Resources to the combined portfolio, significantly boosting the company's higher-confidence resource base.

Positive factors

  • Large Indicated resource contribution from Arcadia
  • High confidence category

Evidence · text

“Arcadia contributes 282.0Mt of reported Coal Resources, including 164.0Mt Indicated and 118.0Mt Inferred Resources.”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 118000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:a1692f735c13033758d0

Resource Data

Category
inferred
Tonnes
118000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Arcadia Coal Project contributes 118.0Mt of Inferred Resources, adding substantial tonnage but requiring further definition.

Positive factors

  • Adds significant tonnage to the overall resource base

Negative factors

  • Lower confidence category

Evidence · text

“Arcadia contributes 282.0Mt of reported Coal Resources, including 164.0Mt Indicated and 118.0Mt Inferred Resources.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 47500000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:dd158302c862306c8255
Deposit or zone
Aries 1 BU

Resource Data

Category
indicated
Tonnes
47500000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Aries 1 BU seam at Arcadia contains 47.5Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Significant Indicated resource for this seam

Evidence · table

“47.5”

Context: 80

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 32000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:7923894181947b6821cb
Deposit or zone
Aries 1 BU

Resource Data

Category
inferred
Tonnes
32000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Aries 1 BU seam at Arcadia contains 32Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“32”

Context: 80

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 26100000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:49003a5b64d105f14697
Deposit or zone
Aries 2 BL

Resource Data

Category
indicated
Tonnes
26100000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Aries 2 BL seam at Arcadia contains 26.1Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Good Indicated resource for this seam

Evidence · table

“26.1”

Context: 45

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 19000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:e0de2101b1ab5e916071
Deposit or zone
Aries 2 BL

Resource Data

Category
inferred
Tonnes
19000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Aries 2 BL seam at Arcadia contains 19Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“19”

Context: 45

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 8900000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:89f3c48030b39349cf38
Deposit or zone
Castor 1 CU

Resource Data

Category
indicated
Tonnes
8900000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Castor 1 CU seam at Arcadia contains 8.9Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“8.9”

Context: 16

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 7000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:78eefd437dba6e077c8b
Deposit or zone
Castor 1 CU

Resource Data

Category
inferred
Tonnes
7000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Castor 1 CU seam at Arcadia contains 7Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“7”

Context: 16

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 23100000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:7c68a448d27dc16dbcdc
Deposit or zone
Castor 2 CL

Resource Data

Category
indicated
Tonnes
23100000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Castor 2 CL seam at Arcadia contains 23.1Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Good Indicated resource for this seam

Evidence · table

“23.1”

Context: 40

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 17000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:13284d0d91a945a5be2c
Deposit or zone
Castor 2 CL

Resource Data

Category
inferred
Tonnes
17000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Castor 2 CL seam at Arcadia contains 17Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“17”

Context: 40

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 17100000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:31df2f96a4e9de9016d4
Deposit or zone
Pollux 1 DU

Resource Data

Category
indicated
Tonnes
17100000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Pollux 1 DU seam at Arcadia contains 17.1Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“17.1”

Context: 30

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 13000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:85c77767ad28525d0537
Deposit or zone
Pollux 1 DU

Resource Data

Category
inferred
Tonnes
13000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Pollux 1 DU seam at Arcadia contains 13Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“13”

Context: 30

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedArcadia Coal Project · coalTonnes: 41400000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:e25bb458a6b9579b147d
Deposit or zone
Pollux 2 DL

Resource Data

Category
indicated
Tonnes
41400000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Pollux 2 DL seam at Arcadia contains 41.4Mt of Indicated Coal Resources, contributing to the project's higher-confidence tonnage.

Positive factors

  • Significant Indicated resource for this seam

Evidence · table

“41.4”

Context: 71

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

inferredArcadia Coal Project · coalTonnes: 30000000View all details
Link to this fact

Identity

Project
Arcadia Coal Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:f66cd1d31030c0bf91e1
Deposit or zone
Pollux 2 DL

Resource Data

Category
inferred
Tonnes
30000000

Prior Estimate

Resource Date
2017-02-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Pollux 2 DL seam at Arcadia contains 30Mt of Inferred Coal Resources, adding to the project's total but requiring further definition.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“30”

Context: 71

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 9.7 years before this release

indicatedRolleston South Project · coalTonnes: 33700000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:f713ff3a373d1000b0ee

Resource Data

Category
indicated
Tonnes
33700000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Rolleston South Project contributes 33.7Mt of Indicated Coal Resources to the combined portfolio, providing a solid base of higher-confidence tonnage.

Positive factors

  • Contribution of Indicated resources to the portfolio
  • High confidence category

Evidence · text

“Rolleston South contributes 222.9Mt, including 33.7Mt Indicated and 189.2Mt Inferred Resources.”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 189200000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:12436effd92cfd0c3567

Resource Data

Category
inferred
Tonnes
189200000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Rolleston South Project contributes 189.2Mt of Inferred Coal Resources, adding substantial tonnage to the combined portfolio but requiring further definition.

Positive factors

  • Significant tonnage contribution to the overall resource base

Negative factors

  • Lower confidence category

Evidence · text

“Rolleston South contributes 222.9Mt, including 33.7Mt Indicated and 189.2Mt Inferred Resources.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedRolleston South Project · coalTonnes: 5890000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:1b7fc46d877d877aa1a7
Deposit or zone
Bandanna A (EPC 2327)

Resource Data

Category
indicated
Tonnes
5890000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna A seam (EPC 2327) at Rolleston South contains 5.89Mt of Indicated Coal Resources.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“5.89”

Context: 33.74

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedRolleston South Project · coalTonnes: 8610000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:6a28032afde713ad9a17
Deposit or zone
Bandanna B (EPC 2327)

Resource Data

Category
indicated
Tonnes
8610000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna B seam (EPC 2327) at Rolleston South contains 8.61Mt of Indicated Coal Resources.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“8.61”

Context: 33.74

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedRolleston South Project · coalTonnes: 5680000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:f294463eec50079db32f
Deposit or zone
Bandanna C (EPC 2327)

Resource Data

Category
indicated
Tonnes
5680000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna C seam (EPC 2327) at Rolleston South contains 5.68Mt of Indicated Coal Resources.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“5.68”

Context: 33.74

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedRolleston South Project · coalTonnes: 13560000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:95907af740b28fabe687
Deposit or zone
Bandanna D (EPC 2327)

Resource Data

Category
indicated
Tonnes
13560000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna D seam (EPC 2327) at Rolleston South contains 13.56Mt of Indicated Coal Resources.

Positive factors

  • Adds to Indicated resource for this seam

Evidence · table

“13.56”

Context: 33.74

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 5200000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:afd6620c4f4288887e10
Deposit or zone
Bandanna A (EPC 2318)

Resource Data

Category
inferred
Tonnes
5200000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna A seam (EPC 2318) at Rolleston South contains 5.2Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“5.2”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 12200000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:12e88a85d4c46874a2df
Deposit or zone
Bandanna B (EPC 2318)

Resource Data

Category
inferred
Tonnes
12200000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna B seam (EPC 2318) at Rolleston South contains 12.2Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“12.2”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 15900000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:ca25ab86345e129848d5
Deposit or zone
Bandanna D (EPC 2318)

Resource Data

Category
inferred
Tonnes
15900000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna D seam (EPC 2318) at Rolleston South contains 15.9Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“15.9”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 30500000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:1f54e348976a260ba01a
Deposit or zone
Bandanna A (EPC 2327)

Resource Data

Category
inferred
Tonnes
30500000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna A seam (EPC 2327) at Rolleston South contains 30.5Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“30.5”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 54900000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:af338c778f59f93963b7
Deposit or zone
Bandanna B (EPC 2327)

Resource Data

Category
inferred
Tonnes
54900000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna B seam (EPC 2327) at Rolleston South contains 54.9Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“54.9”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredRolleston South Project · coalTonnes: 70500000View all details
Link to this fact

Identity

Project
Rolleston South Project
Commodity
coal
Region
australia_qld
Reported Region
Queensland
Ticker
YAR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Mark Biggs
Resource group id
resource:5ad95b776f78c588d12d
Deposit or zone
Bandanna D (EPC 2327)

Resource Data

Category
inferred
Tonnes
70500000

Prior Estimate

Resource Date
2026-02-02

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Bandanna D seam (EPC 2327) at Rolleston South contains 70.5Mt of Inferred Coal Resources.

Positive factors

  • Adds to overall resource base for this seam

Negative factors

  • Lower confidence category

Evidence · table

“70.5”

Context: 189.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

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.