ZNC: Annual Report 30 June 2026
Original announcement by asx on
- Company
- Zenith Minerals Limited
- Ticker
- ZNC
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Lithium, Zinc, Lead, Silver, Caesium, Niobium, Tin, Tantalum, Copper, Bismuth, Tellurium
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-09-30 06:16:03 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Zenith Minerals Limited reported significant operational progress in FY26, highlighted by a more than doubling of the gold Mineral Resource at its Consolidated Dulcie Gold Project to 675,000 ounces and successful drilling at Red Mountain. The company also strengthened its financial position through capital raises and the sale of non-core assets, reducing its loss after tax. A strategic review led to a takeover offer from Forrestania Resources Limited, which is ongoing and introduces corporate uncertainty.
Reasoning: The annual report highlights substantial operational progress, particularly in gold resource growth and exploration success, alongside a strengthened financial position. However, the ongoing takeover offer and the presence of stale resource estimates for other projects introduce elements of uncertainty and concern.
Positive factors
- Significant increase in gold resource at Consolidated Dulcie Gold Project, more than doubling the previous estimate.
- Successful drilling programs at Dulcie and Red Mountain, extending mineralization and identifying high-grade intercepts.
- Strengthened financial position through successful capital raises and reduced loss after tax.
- Positive metallurgical testwork results for Dulcie gold, indicating high recoveries.
- Consolidation of the strategic Dulcie corridor through acquisition of M77/599.
- Sale of non-core Turkish asset, simplifying the portfolio.
Negative factors
- Takeover offer introduces corporate uncertainty and potential loss of independent control.
- Dulcie resource is partially depth-constrained by mining lease boundaries, potentially restricting access.
- Metallurgical testwork for Dulcie suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
- Rio Lithium and Earaheedy Zinc Joint Venture Mineral Resources are stale, with effective dates from 2023 and no updates.
- Red Mountain follow-up drilling program is designed but no immediate work is scheduled, indicating a pause in advancement.
- Some options expired, and legal/advisory costs related to the takeover are being expensed.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 84
Classification and evidence
Annual Reportneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The document is titled 'Annual Report' and covers the company's activities and financial performance for the year.
Evidence · text
“Annual Report”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: All Mineral Resource estimates are reported in accordance with the JORC Code (2012 Edition).
Evidence · text
“JORC (2012) Inferred Mineral Resource”
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: The Consolidated Dulcie Gold Project and Rio Lithium Deposit Mineral Resource estimates are signed off by Competent Persons (CP) who are FAusIMM.
Evidence · text
“John Horton FAusIMM (CP) of ResEval Pty Ltd”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The Consolidated Dulcie Gold Project's Inferred Mineral Resource more than doubled from 302,000 oz to 675,000 oz.
Evidence · text
“more than doubling the previous 302,000 oz resource”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports an updated Mineral Resource for the Consolidated Dulcie Gold Project.
Evidence · text
“Zenith Defines 675,000 oz Gold Mineral Resource”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document reports maiden Mineral Resources for Dulcie and Dulcie North.
Evidence · text
“maiden JORC (2012) Inferred Mineral Resource for Dulcie and DN”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Rio Lithium and Earaheedy Zinc Joint Venture Mineral Resources are unchanged from 30 June 2025 and have effective dates of 2023.
Evidence · text
“The Rio lithium Mineral Resource and the Earaheedy Joint Venture Mineral Resource are unchanged from 30 June 2025.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All reported Mineral Resources (Dulcie, Rio Lithium, Earaheedy) are classified as Inferred.
Evidence · text
“Inferred Mineral Resource of 21.3 Mt @ 1.0 g/t Au for 675,000 oz”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The entire Rio Lithium Resource is classified as Inferred, and the Dulcie and Earaheedy resources are also entirely Inferred.
Evidence · text
“The entire Resource is classified as Inferred”
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: The occurrence of pyrrhotite in drill core suggests that pressure oxidation or similar may be needed to obtain high recovery for the Dulcie gold project.
Evidence · text
“The occurrence of pyrrhotite in drill core suggests that pressure oxidation or similar may be needed to obtain high recovery”
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: The occurrence of pyrrhotite in drill core suggests that pressure oxidation or similar may be needed to obtain high recovery for the Dulcie gold project, indicating refractory ore.
Evidence · text
“The occurrence of pyrrhotite in drill core suggests that pressure oxidation or similar may be needed to obtain high recovery”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades are clearly stated for all Mineral Resources (0.5 g/t Au for Dulcie, 0.5% Li₂O for Rio, and various Zn+Pb cut-offs for Earaheedy).
Evidence · text
“at a 0.5 g/t Au cut-off”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document states that exploration results are extracted from ASX announcements and that the company confirms no material changes to assumptions and technical parameters, implying QA/QC was disclosed in original releases.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements referred to in this report and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling at Dulcie North extended the lode system approximately 400 m beyond the previous resource boundary, and deep diamond tails at Red Mountain extended mineralization approximately 350 m below previous drilling and more than 700 m vertically.
Evidence · text
“extending approximately 400 m beyond the previous resource boundary”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap-leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("pressure oxidation")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 4 distinct composites were tested
Extracted facts
Stored fact records: 84. Some facts used in scoring do not have a stored record.
Drill Results (33)
SRRC156Consolidated Dulcie · goldGrade: 22.67Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC156
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 22.67
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 101 m
- To
- 104 m
- Intercept Depth
- 101 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC156:101-104
Location
- Location
- DFN
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an exceptionally high-grade gold intercept, indicating strong mineralization, which is highly positive and material for the project, despite potential processing challenges.
Positive factors
- Exceptional high-grade gold intercept, significantly above typical thresholds.
- Confirms continuity of mineralization in line with exploration targets.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“3 m @ 22.67 g/t Au from 101 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: The intercept of 22.67 g/t Au is well above the exceptional threshold for gold.
Evidence · text
“22.67 g/t Au”
SRRC156Consolidated Dulcie · goldGrade: 56.76Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- SRRC156
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 56.76
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- DFN
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval represents an exceptionally high-grade gold zone, which is highly positive and material for the project, despite potential processing challenges.
Positive factors
- Extremely high-grade gold sub-interval, indicating very rich mineralization.
- Confirms continuity of mineralization in line with exploration targets.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 1 m @ 56.76 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: The intercept of 56.76 g/t Au is well above the exceptional threshold for gold.
Evidence · text
“56.76 g/t Au”
SRRC138Consolidated Dulcie · goldGrade: 3.53Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- SRRC138
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 3.53
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 66 m
- To
- 77 m
- Intercept Depth
- 66 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC138:66-77
Location
- Location
- near Scott’s Grey
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a strong gold intercept over a good width, which is positive and material for the project, despite potential processing challenges.
Positive factors
- Strong gold intercept over a good width, indicating significant mineralization.
- Confirms continuity of mineralization in line with exploration targets.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“11 m @ 3.53 g/t Au from 66 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC138Consolidated Dulcie · goldGrade: 6.21Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- SRRC138
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 6.21
- Grade Unit
- g/t
- Intercept
- 6 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- near Scott’s Grey
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further enhances the positive interpretation of the overall intercept, indicating strong mineralization.
Positive factors
- High-grade gold sub-interval over a good width, indicating significant mineralization.
- Confirms continuity of mineralization in line with exploration targets.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 6 m @ 6.21 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC118Consolidated Dulcie · goldGrade: 7.4Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC118
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 7.4
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 71 m
- To
- 74 m
- Intercept Depth
- 71 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC118:71-74
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong gold intercept is positive, especially as it identifies a new lode position, contributing to the overall prospectivity of the project.
Positive factors
- Strong gold intercept, indicating good mineralization.
- Identifies an additional stacked lode position, suggesting potential for resource expansion.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“3 m @ 7.40 g/t Au from 71 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC142Consolidated Dulcie · goldGrade: 2.66Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- SRRC142
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 2.66
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 162 m
- To
- 168 m
- Intercept Depth
- 162 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC142:162-168
Location
- Location
- DN
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization at Dulcie North, contributing positively to the understanding of the deposit, despite potential processing challenges.
Positive factors
- Good gold intercept over a moderate width, confirming mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“6 m @ 2.66 g/t Au from 162 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC142Consolidated Dulcie · goldGrade: 4.66Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC142
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 4.66
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- DN
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further strengthens the positive interpretation of mineralization at Dulcie North.
Positive factors
- High-grade gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 3 m @ 4.66 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC092Consolidated Dulcie · goldGrade: 1.06Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- SRRC092
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.06
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 46 m
- To
- 61 m
- Intercept Depth
- 46 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC092:46-61
Location
- Location
- Dulcie
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization at Dulcie, contributing positively to the understanding of the deposit, despite potential processing challenges.
Positive factors
- Good gold intercept over a significant width, confirming mineralization at Dulcie.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“15 m @ 1.06 g/t Au from 46 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC092Consolidated Dulcie · goldGrade: 2.85Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC092
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 2.85
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Dulcie
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval further strengthens the positive interpretation of mineralization at Dulcie.
Positive factors
- Moderate-grade gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 3 m @ 2.85 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC094Consolidated Dulcie · goldGrade: 1.01Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- SRRC094
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.01
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 47 m
- To
- 62 m
- Intercept Depth
- 47 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC094:47-62
Location
- Location
- Dulcie
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization at Dulcie, contributing positively to the understanding of the deposit, despite potential processing challenges.
Positive factors
- Good gold intercept over a significant width, confirming mineralization at Dulcie.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“15 m @ 1.01 g/t Au from 47 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC094Consolidated Dulcie · goldGrade: 3.64Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- SRRC094
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 3.64
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Dulcie
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval further strengthens the positive interpretation of mineralization at Dulcie.
Positive factors
- Moderate-grade gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 2 m @ 3.64 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC152Consolidated Dulcie · goldGrade: 1.43Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- SRRC152
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.43
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 158 m
- To
- 165 m
- Intercept Depth
- 158 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC152:158-165
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization, contributing positively to the understanding of the deposit, despite potential processing challenges.
Positive factors
- Moderate gold intercept over a good width, confirming mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“7 m @ 1.43 g/t Au from 158 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC152Consolidated Dulcie · goldGrade: 3.02Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC152
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 3.02
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval further strengthens the positive interpretation of mineralization.
Positive factors
- Moderate-grade gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 3 m @ 3.02 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC120Consolidated Dulcie · goldGrade: 1.43Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- SRRC120
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.43
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 141 m
- To
- 149 m
- Intercept Depth
- 141 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC120:141-149
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization, contributing positively to the understanding of the deposit, despite potential processing challenges.
Positive factors
- Moderate gold intercept over a good width, confirming mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“8 m @ 1.43 g/t Au from 141 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC164Consolidated Dulcie · goldGrade: 3.49Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- SRRC164
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 3.49
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 91 m
- To
- 96 m
- Intercept Depth
- 91 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC164:91-96
Location
- Location
- Scott’s Grey
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong gold intercept confirms mineralization continuity at Scott's Grey, which is a positive for the project, despite potential processing challenges.
Positive factors
- Strong gold intercept over a moderate width, confirming mineralization continuity.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“5 m @ 3.49 g/t Au from 91 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC164Consolidated Dulcie · goldGrade: 13.24Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- SRRC164
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 13.24
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Scott’s Grey
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further strengthens the positive interpretation of mineralization at Scott's Grey.
Positive factors
- High-grade gold sub-interval, indicating a rich zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“including 1 m @ 13.24 g/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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: The intercept of 13.24 g/t Au is well above the exceptional threshold for gold.
Evidence · text
“13.24 g/t Au”
SRRC165Consolidated Dulcie · goldGrade: 1.05Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SRRC165
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.05
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 160 m
- To
- 163 m
- Intercept Depth
- 160 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC165:160-163
Location
- Location
- Dulcie South
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization at Dulcie South, but its lower grade and width, combined with the note about lower than anticipated results, make it less impactful.
Positive factors
- Moderate gold intercept, confirming mineralization continuity.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
- Grades and widths were lower than anticipated in parts of the target position.
Evidence · text
“3 m @ 1.05 g/t Au from 160 m”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
SRRC083Consolidated Dulcie · goldGrade: 1.32Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- SRRC083
- Project
- Consolidated Dulcie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- ZNC
Geometry
- Grade
- 1.32
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 44 m
- To
- 46 m
- Intercept Depth
- 44 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRRC083:44-46
Location
- Location
- DFN
- Loc. Source
- document
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- pyrrhotite
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept is positive for identifying a new lode, but its limited width and moderate grade make it less material individually.
Positive factors
- Identified a tenth footwall lode, suggesting potential for additional mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
- Apparent width only, true width not stated.
Evidence · text
“2 m @ 1.32 g/t Au from 44 m, SRRC083”
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
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: deleterious_flag is true
ZRMDD064Red Mountain · goldGrade: 1.05Grade Unit: g/tIntercept: 139.7 mView all detailsHide details
Identity
- Hole ID
- ZRMDD064
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 1.05
- Grade Unit
- g/t
- Intercept
- 139.7 m
- From
- 214.9 m
- To
- 354.6 m
- Intercept Depth
- 214.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMDD064:214.9-354.6
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad gold intercept at depth is a material positive, confirming significant mineralization and scale potential for the Red Mountain project.
Positive factors
- Broad zone of gold mineralization at depth, indicating significant scale.
- Part-funded by a government grant, validating project potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“139.7 m @ 1.05 g/t Au from 214.9 m”
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
ZRMDD064Red Mountain · goldGrade: 4.62Grade Unit: g/tIntercept: 14.2 mView all detailsHide details
Identity
- Hole ID
- ZRMDD064
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 4.62
- Grade Unit
- g/t
- Intercept
- 14.2 m
- From
- 276 m
- To
- 290.2 m
- Intercept Depth
- 276 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMDD064:276-290.2
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further enhances the positive interpretation of the overall intercept, indicating strong mineralization at Red Mountain.
Positive factors
- High-grade gold sub-interval within the broader zone, indicating richer mineralization.
- Part-funded by a government grant, validating project potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“including 14.2 m @ 4.62 g/t Au from 276 m”
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
ZRMDD064Red Mountain · goldGrade: 0.56Grade Unit: g/tIntercept: 325 mView all detailsHide details
Identity
- Hole ID
- ZRMDD064
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.56
- Grade Unit
- g/t
- Intercept
- 325 m
- From
- 214.9 m
- To
- 539.9 m
- Intercept Depth
- 214.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMDD064:214.9-539.9
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very broad intercept, while lower grade, indicates significant bulk tonnage potential, which is a positive for the project's scale.
Positive factors
- Very broad zone of gold mineralization, indicating large-scale potential.
- Part-funded by a government grant, validating project potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for such a broad intercept, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“within a final intercept of 325.0 m @ 0.56 g/t Au from 214.9 m”
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
ZRMDD066Red Mountain · goldGrade: 0.47Grade Unit: g/tIntercept: 349.95 mView all detailsHide details
Identity
- Hole ID
- ZRMDD066
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.47
- Grade Unit
- g/t
- Intercept
- 349.95 m
- From
- 232.05 m
- To
- 582 m
- Intercept Depth
- 232.05 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMDD066:232.05-582
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very broad intercept, while lower grade, indicates significant bulk tonnage potential and scale for the Red Mountain project.
Positive factors
- Very broad zone of gold mineralization at depth, indicating significant scale.
- Part-funded by a government grant, validating project potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for such a broad intercept, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“349.95 m @ 0.47 g/t Au from 232.05 m”
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
ZRMDD066Red Mountain · goldGrade: 6.32Grade Unit: g/tIntercept: 5.57 mView all detailsHide details
Identity
- Hole ID
- ZRMDD066
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 6.32
- Grade Unit
- g/t
- Intercept
- 5.57 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further enhances the positive interpretation of the overall intercept, indicating strong mineralization at Red Mountain.
Positive factors
- High-grade gold sub-interval within the broader zone, indicating richer mineralization.
- Part-funded by a government grant, validating project potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“including 5.57 m @ 6.32 g/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
ZRMDD066Red Mountain · goldGrade: 19.8Grade Unit: g/tIntercept: 0.5 mView all detailsHide details
Identity
- Hole ID
- ZRMDD066
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 19.8
- Grade Unit
- g/t
- Intercept
- 0.5 m
- From
- 394.9 m
- To
- 395.4 m
- Intercept Depth
- 394.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMDD066:394.9-395.4
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This exceptionally high-grade intercept with visible gold is a very strong positive, indicating bonanza grades within the Red Mountain system, despite its narrow width.
Positive factors
- Exceptional high-grade gold intercept, indicating very rich mineralization.
- First visible gold observed at depth, a strong visual indicator of high-grade.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Very narrow intercept width.
- Apparent width only, true width not stated.
Evidence · text
“within 0.5 m @ 19.8 g/t Au from 394.90 m”
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
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: The intercept of 19.8 g/t Au is well above the exceptional threshold for gold.
Evidence · text
“19.8 g/t Au”
ZRMRC068Red Mountain · goldGrade: 1.28Grade Unit: g/tIntercept: 122 mView all detailsHide details
Identity
- Hole ID
- ZRMRC068
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 1.28
- Grade Unit
- g/t
- Intercept
- 122 m
- From
- 209 m
- To
- 331 m
- Intercept Depth
- 209 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMRC068:209-331
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad gold intercept is a material positive, indicating significant mineralization and an expanding system footprint at Red Mountain.
Positive factors
- Broad zone of gold mineralization, increasing the system footprint.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“122 m @ 1.28 g/t Au from 209 m”
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
ZRMRC068Red Mountain · goldGrade: 2.18Grade Unit: g/tIntercept: 55 mView all detailsHide details
Identity
- Hole ID
- ZRMRC068
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 2.18
- Grade Unit
- g/t
- Intercept
- 55 m
- From
- 274 m
- To
- 329 m
- Intercept Depth
- 274 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMRC068:274-329
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval further enhances the positive interpretation of the overall intercept, indicating strong mineralization at Red Mountain.
Positive factors
- High-grade gold sub-interval over a significant width, indicating richer mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“including 55 m @ 2.18 g/t Au from 274 m”
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
ZRMRC069Red Mountain · goldGrade: 1.16Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- ZRMRC069
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 1.16
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 228 m
- To
- 238 m
- Intercept Depth
- 228 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMRC069:228-238
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept confirms mineralization at Red Mountain, contributing positively to the understanding of the deposit.
Positive factors
- Moderate gold intercept over a good width, confirming mineralization.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“10 m @ 1.16 g/t Au from 228 m”
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
ZRMRC069Red Mountain · goldGrade: 7.77Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- ZRMRC069
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 7.77
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong sub-interval further strengthens the positive interpretation of mineralization at Red Mountain.
Positive factors
- Strong gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“including 1 m @ 7.77 g/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
ZRMRC070Red Mountain · goldGrade: 0.43Grade Unit: g/tIntercept: 93 mView all detailsHide details
Identity
- Hole ID
- ZRMRC070
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.43
- Grade Unit
- g/t
- Intercept
- 93 m
- From
- 314 m
- To
- 407 m
- Intercept Depth
- 314 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMRC070:314-407
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept, while lower grade, indicates significant bulk tonnage potential and an expanding system footprint at Red Mountain.
Positive factors
- Broad zone of gold mineralization, increasing the system footprint.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for such a broad intercept, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“93 m @ 0.43 g/t Au from 314 m”
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
ZRMRC073Red Mountain · goldGrade: 0.39Grade Unit: g/tIntercept: 34 mView all detailsHide details
Identity
- Hole ID
- ZRMRC073
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.39
- Grade Unit
- g/t
- Intercept
- 34 m
- From
- 176 m
- To
- 210 m
- Intercept Depth
- 176 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMRC073:176-210
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept contributes to the understanding of the Red Mountain system, but its lower grade and moderate width make it less impactful individually.
Positive factors
- Moderate width of gold mineralization, contributing to the system footprint.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for the width, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“34 m @ 0.39 g/t Au from 176 m”
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
ZRMRC073Red Mountain · goldGrade: 0.99Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- ZRMRC073
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.99
- Grade Unit
- g/t
- Intercept
- 7 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval further strengthens the positive interpretation of mineralization at Red Mountain.
Positive factors
- Moderate-grade gold sub-interval, indicating a richer zone within the broader intercept.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Apparent width only, true width not stated.
Evidence · text
“including 7 m @ 0.99 g/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
ZRMCD067Red Mountain · goldGrade: 0.27Grade Unit: g/tIntercept: 333 mView all detailsHide details
Identity
- Hole ID
- ZRMCD067
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.27
- Grade Unit
- g/t
- Intercept
- 333 m
- From
- 388 m
- To
- 721 m
- Intercept Depth
- 388 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMCD067:388-721
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very broad intercept at depth is positive for extending the system vertically and indicating large-scale potential, despite the lower grade.
Positive factors
- Very broad zone of gold mineralization, extending the system vertically.
- Deepest drilling completed at the project, indicating depth potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for such a broad intercept, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“333 m @ 0.27 g/t Au from 388 m (ZRMCD067)”
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
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Step-Out ExtensionRejected · positive
Mineralization extended beyond the previously known limit.
Reason: This drilling extended mineralization approximately 350 m below previous drilling and more than 700 m vertically.
Evidence · text
“extended mineralisation approximately 350 m below previous drilling and more than 700 m vertically”
ZRMCD073Red Mountain · goldGrade: 0.31Grade Unit: g/tIntercept: 113.73 mView all detailsHide details
Identity
- Hole ID
- ZRMCD073
- Project
- Red Mountain
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- ZNC
Geometry
- Grade
- 0.31
- Grade Unit
- g/t
- Intercept
- 113.73 m
- From
- 476 m
- To
- 589.73 m
- Intercept Depth
- 476 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ZRMCD073:476-589.73
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This broad intercept at depth is positive for extending the system vertically and indicating large-scale potential, despite the lower grade.
Positive factors
- Broad zone of gold mineralization, extending the system vertically.
- Deepest drilling completed at the project, indicating depth potential.
- QA/QC procedures are disclosed, enhancing data credibility.
Negative factors
- Lower grade for such a broad intercept, suggesting bulk tonnage rather than high-grade.
- Apparent width only, true width not stated.
Evidence · text
“113.73 m @ 0.31 g/t Au from 476 m (ZRMCD073)”
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
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Step-Out ExtensionRejected · positive
Mineralization extended beyond the previously known limit.
Reason: This drilling extended mineralization approximately 350 m below previous drilling and more than 700 m vertically.
Evidence · text
“extended mineralisation approximately 350 m below previous drilling and more than 700 m vertically”
Resource Estimates (45)
inferredConsolidated Dulcie Gold Project · goldTonnes: 21300000Grade: 1Grade Unit: g/tContained Metal: 675000Contained Unit: ozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:75b3c46fd86c03e28b61
Resource Data
- Category
- inferred
- Tonnes
- 21300000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 675000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
- Prior Tonnes
- 8200000
- Prior Grade
- 1.15
- Prior Contained Metal
- 302000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The more than doubling of the gold resource at Dulcie is a highly positive and material development, establishing a significant new gold inventory for the company, despite the Inferred classification and some identified risks.
Positive factors
- Significant increase in contained gold (more than doubling) compared to the previous estimate.
- Maiden resource for Dulcie and Dulcie North, establishing a new baseline.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Potential depth constraints from mining lease boundaries may restrict access to part of the resource.
- Metallurgical testwork suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
- Assumed oxide and transitional bulk densities, and historical assays with variable quality, introduce uncertainty.
Evidence · text
“21.3 Mt at 1.0 g/t Au for 675,000 ounces”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 21300000 against 8200000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1 against 1.15 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 675000 against 302000 previously
inferredConsolidated Dulcie Gold Project · goldTonnes: 9800000Grade: 1Grade Unit: g/tContained Metal: 300000Contained Unit: ozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:35ce9d4d6608020a11d0
- Deposit or zone
- Dulcie
Resource Data
- Category
- inferred
- Tonnes
- 9800000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 300000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The maiden Inferred resource of 300,000 oz at Dulcie is a material positive, establishing a new gold inventory, though its Inferred classification and processing risks warrant caution.
Positive factors
- Significant maiden resource for the Dulcie deposit, contributing substantially to the overall project resource.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Potential depth constraints from mining lease boundaries may restrict access to part of the resource.
- Metallurgical testwork suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
Evidence · text
“Dulcie 9.8 Mt @ 1.0 g/t Au for 300,000 oz”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredConsolidated Dulcie Gold Project · goldTonnes: 2800000Grade: 0.9Grade Unit: g/tContained Metal: 75000Contained Unit: ozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:f24424a931d3993912e0
- Deposit or zone
- Dulcie North
Resource Data
- Category
- inferred
- Tonnes
- 2800000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 75000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The maiden Inferred resource of 75,000 oz at Dulcie North is a positive addition, but its smaller scale and Inferred classification make it less material than the main Dulcie deposit.
Positive factors
- Maiden resource for Dulcie North, adding to the overall project resource.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Potential depth constraints from mining lease boundaries may restrict access to part of the resource.
- Metallurgical testwork suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
Evidence · text
“DN 2.8 Mt @ 0.9 g/t Au for 75,000 oz”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredConsolidated Dulcie Gold Project · goldTonnes: 8700000Grade: 1.1Grade Unit: g/tContained Metal: 300000Contained Unit: ozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:5a558f89df8cd734f6b3
- Deposit or zone
- Dulcie Far North
Resource Data
- Category
- inferred
- Tonnes
- 8700000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 300000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The updated Inferred resource of 300,000 oz at Dulcie Far North is a material positive, maintaining a significant gold inventory, though its Inferred classification and processing risks warrant caution.
Positive factors
- Updated resource for Dulcie Far North, contributing significantly to the overall project resource.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Potential depth constraints from mining lease boundaries may restrict access to part of the resource.
- Metallurgical testwork suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
Evidence · text
“DFN 8.7 Mt @ 1.1 g/t Au for 300,000 oz”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredConsolidated Dulcie Gold Project · goldTonnes: 1200000Grade: 1Grade Unit: g/tContained Metal: 40Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:c54bfd8f4c943b5577bc
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 40
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The oxide component of the Dulcie resource is a positive, offering potentially simpler processing, but its Inferred classification and smaller scale limit its individual materiality.
Positive factors
- Contribution of oxide material to the overall resource, which is typically easier to process.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Assumed oxide bulk densities introduce uncertainty.
Evidence · text
“oxide 1.2 Mt @ 1.0 g/t Au (40 koz)”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredConsolidated Dulcie Gold Project · goldTonnes: 4800000Grade: 1Grade Unit: g/tContained Metal: 150Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:7335e0c55199fb063a9e
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 4800000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 150
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The transitional component of the Dulcie resource is a positive contribution, but its Inferred classification and assumed densities warrant caution.
Positive factors
- Contribution of transitional material to the overall resource.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Assumed transitional bulk densities introduce uncertainty.
Evidence · text
“transitional 4.8 Mt @ 1.0 g/t Au (150 koz)”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredConsolidated Dulcie Gold Project · goldTonnes: 15300000Grade: 1Grade Unit: g/tContained Metal: 485Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- John Horton
- Resource group id
- resource:ae2b70f188f661c7febe
- Material type
- fresh
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 485
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The fresh rock component is the most significant part of the Dulcie resource, but its Inferred classification and potential processing challenges need further evaluation.
Positive factors
- Largest component of the Dulcie resource is in fresh rock, indicating potential for depth extension.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Metallurgical testwork suggests potential need for pressure oxidation due to pyrrhotite, indicating processing complexity.
Evidence · text
“fresh 15.3 Mt @ 1.0 g/t Au (485 koz)”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
inferredRio Lithium Deposit · lithiumTonnes: 11900000Grade: 0.72Grade Unit: % Li₂OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- lithium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:607888efdaa6c4b796a3
Resource Data
- Category
- inferred
- Tonnes
- 11900000
- Grade
- 0.72
- Grade Unit
- % Li₂O
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Rio Lithium resource is a positive asset, but its stale nature, Inferred classification, and wide drill spacing reduce its current materiality and novelty.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person.
- Preliminary open pit optimisation suggests economic viability.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- Wide-spaced drilling (200m x 100m) limits confidence in grade continuity.
Evidence · text
“11.9 Mt @ 0.72% Li₂O”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · lithiumTonnes: 8450000Grade: 0.76Grade Unit: % Li₂OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- lithium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:70bb5fa0d43db8a43286
- Deposit or zone
- Upper
Resource Data
- Category
- inferred
- Tonnes
- 8450000
- Grade
- 0.76
- Grade Unit
- % Li₂O
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Upper zone contributes significantly to the Rio Lithium resource, but its stale nature and Inferred classification limit its current positive impact.
Positive factors
- Higher grade than the Middle zone, contributing to overall resource quality.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- Wide-spaced drilling (200m x 100m) limits confidence in grade continuity.
Evidence · table
“0.76”
Context: 8.45
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · caesiumTonnes: 8450000Grade: 426Grade Unit: ppm CsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- caesium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:70bb5fa0d43db8a43286
- Deposit or zone
- Upper
Resource Data
- Category
- inferred
- Tonnes
- 8450000
- Grade
- 426
- Grade Unit
- ppm Cs
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The caesium content in the Upper zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of caesium as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“426”
Context: 8.45
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · niobiumTonnes: 8450000Grade: 77Grade Unit: ppm NbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:70bb5fa0d43db8a43286
- Deposit or zone
- Upper
Resource Data
- Category
- inferred
- Tonnes
- 8450000
- Grade
- 77
- Grade Unit
- ppm Nb
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The niobium content in the Upper zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of niobium as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“77”
Context: 8.45
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · tinTonnes: 8450000Grade: 157Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- tin
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:70bb5fa0d43db8a43286
- Deposit or zone
- Upper
Resource Data
- Category
- inferred
- Tonnes
- 8450000
- Grade
- 157
- Grade Unit
- ppm
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The tin content in the Upper zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of tin as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“157”
Context: 8.45
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · tantalumTonnes: 8450000Grade: 62Grade Unit: ppm TaHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- tantalum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:70bb5fa0d43db8a43286
- Deposit or zone
- Upper
Resource Data
- Category
- inferred
- Tonnes
- 8450000
- Grade
- 62
- Grade Unit
- ppm Ta
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The tantalum content in the Upper zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of tantalum as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“62”
Context: 8.45
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · lithiumTonnes: 3480000Grade: 0.62Grade Unit: % Li₂OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- lithium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:db49fc831aa8546da4ec
- Deposit or zone
- Middle
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 0.62
- Grade Unit
- % Li₂O
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Middle zone contributes to the Rio Lithium resource, but its lower grade, stale nature, and Inferred classification limit its current positive impact.
Positive factors
- Contribution of the Middle zone to the overall resource.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- Lower grade than the Upper zone.
Evidence · table
“0.62”
Context: 3.48
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · caesiumTonnes: 3480000Grade: 387Grade Unit: ppm CsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- caesium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:db49fc831aa8546da4ec
- Deposit or zone
- Middle
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 387
- Grade Unit
- ppm Cs
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The caesium content in the Middle zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of caesium as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“387”
Context: 3.48
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · niobiumTonnes: 3480000Grade: 71Grade Unit: ppm NbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:db49fc831aa8546da4ec
- Deposit or zone
- Middle
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 71
- Grade Unit
- ppm Nb
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The niobium content in the Middle zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of niobium as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“71”
Context: 3.48
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · tinTonnes: 3480000Grade: 364Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- tin
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:db49fc831aa8546da4ec
- Deposit or zone
- Middle
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 364
- Grade Unit
- ppm
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The tin content in the Middle zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of tin as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“364”
Context: 3.48
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredRio Lithium Deposit · tantalumTonnes: 3480000Grade: 49Grade Unit: ppm TaHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Rio Lithium Deposit
- Commodity
- tantalum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phil Jankowski
- Resource group id
- resource:db49fc831aa8546da4ec
- Deposit or zone
- Middle
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 49
- Grade Unit
- ppm Ta
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Li₂O
Prior Estimate
- Resource Date
- 2023-08-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-09-28T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The tantalum content in the Middle zone is a minor positive as a potential byproduct, but its overall materiality is low due to the stale and inferred nature of the estimate.
Positive factors
- Presence of tantalum as a potential byproduct, adding value.
- Resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
Evidence · table
“49”
Context: 3.48
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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 3.2 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 462000000Grade: 1.3Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:20866b3274394badf53d
Resource Data
- Category
- inferred
- Tonnes
- 462000000
- Grade
- 1.3
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource is large but stale and entirely Inferred, limiting its current materiality and novelty, especially with no explicit QP sign-off in this report.
Positive factors
- Large tonnage at a low cut-off grade, indicating bulk potential.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“1.3”
Context: 462
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 462000000Grade: 1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:20866b3274394badf53d
Resource Data
- Category
- inferred
- Tonnes
- 462000000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component is large but stale and entirely Inferred, limiting its current materiality and novelty, especially with no explicit QP sign-off in this report.
Positive factors
- Large tonnage of zinc at a low cut-off grade, indicating bulk potential.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“1.0”
Context: 462
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 462000000Grade: 0.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:20866b3274394badf53d
Resource Data
- Category
- inferred
- Tonnes
- 462000000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component is a minor positive as a byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“0.3”
Context: 462
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 462000000Grade: 2.2Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:20866b3274394badf53d
Resource Data
- Category
- inferred
- Tonnes
- 462000000
- Grade
- 2.2
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component is a minor positive as a byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“2.2”
Context: 462
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 194000000Grade: 2.2Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fb4e8884aafa05a88c9c
Resource Data
- Category
- inferred
- Tonnes
- 194000000
- Grade
- 2.2
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource at a 1.0% cut-off shows a more concentrated tonnage, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Significant tonnage at a higher cut-off grade, indicating a more focused resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“2.2”
Context: 194
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 194000000Grade: 1.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fb4e8884aafa05a88c9c
Resource Data
- Category
- inferred
- Tonnes
- 194000000
- Grade
- 1.6
- Grade Unit
- %
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component at a 1.0% cut-off shows a more concentrated tonnage, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Significant tonnage of zinc at a higher cut-off grade, indicating a more focused resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“1.6”
Context: 194
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 194000000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fb4e8884aafa05a88c9c
Resource Data
- Category
- inferred
- Tonnes
- 194000000
- Grade
- 0.5
- Grade Unit
- %
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component at a 1.0% cut-off is a minor positive as a byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“0.5”
Context: 194
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 194000000Grade: 3.1Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fb4e8884aafa05a88c9c
Resource Data
- Category
- inferred
- Tonnes
- 194000000
- Grade
- 3.1
- Grade Unit
- g/t
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component at a 1.0% cut-off is a minor positive as a byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.1”
Context: 194
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 94000000Grade: 3.1Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9fe0ffc8cf17cf3ffd09
Resource Data
- Category
- inferred
- Tonnes
- 94000000
- Grade
- 3.1
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 2
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource at a 2.0% cut-off represents a more material portion of the resource, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Significant tonnage at a higher cut-off grade, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.1”
Context: 94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 94000000Grade: 2.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9fe0ffc8cf17cf3ffd09
Resource Data
- Category
- inferred
- Tonnes
- 94000000
- Grade
- 2.4
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component at a 2.0% cut-off represents a more material portion of the resource, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Significant tonnage of zinc at a higher cut-off grade, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“2.4”
Context: 94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 94000000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9fe0ffc8cf17cf3ffd09
Resource Data
- Category
- inferred
- Tonnes
- 94000000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 2
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component at a 2.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“0.7”
Context: 94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 94000000Grade: 4.2Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9fe0ffc8cf17cf3ffd09
Resource Data
- Category
- inferred
- Tonnes
- 94000000
- Grade
- 4.2
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component at a 2.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“4.2”
Context: 94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 65000000Grade: 3.4Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3d4be45b7519b5ef4423
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 3.4
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource at a 2.5% cut-off shows improved grade, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Higher grade at a higher cut-off, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.4”
Context: 65
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 65000000Grade: 2.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3d4be45b7519b5ef4423
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 2.6
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component at a 2.5% cut-off shows improved grade, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Higher grade of zinc at a higher cut-off, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“2.6”
Context: 65
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 65000000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3d4be45b7519b5ef4423
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 0.8
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component at a 2.5% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“0.8”
Context: 65
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 65000000Grade: 4.5Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3d4be45b7519b5ef4423
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component at a 2.5% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“4.5”
Context: 65
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 41000000Grade: 3.8Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:baefcb2d3aa28dbdff75
Resource Data
- Category
- inferred
- Tonnes
- 41000000
- Grade
- 3.8
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 3
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource at a 3.0% cut-off shows improved grade, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Higher grade at a higher cut-off, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.8”
Context: 41
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 41000000Grade: 3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:baefcb2d3aa28dbdff75
Resource Data
- Category
- inferred
- Tonnes
- 41000000
- Grade
- 3
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component at a 3.0% cut-off shows improved grade, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Higher grade of zinc at a higher cut-off, indicating a more focused and potentially higher-value resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.0”
Context: 41
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 41000000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:baefcb2d3aa28dbdff75
Resource Data
- Category
- inferred
- Tonnes
- 41000000
- Grade
- 0.8
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component at a 3.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“0.8”
Context: 41
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 41000000Grade: 4.9Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:baefcb2d3aa28dbdff75
Resource Data
- Category
- inferred
- Tonnes
- 41000000
- Grade
- 4.9
- Grade Unit
- g/t
- Cutoff Grade
- 3
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component at a 3.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“4.9”
Context: 41
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 12000000Grade: 4.8Grade Unit: % Zn+PbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:008e929c55e1567586bc
Resource Data
- Category
- inferred
- Tonnes
- 12000000
- Grade
- 4.8
- Grade Unit
- % Zn+Pb
- Cutoff Grade
- 4
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy resource at a 4.0% cut-off represents the highest-grade portion, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Highest grade at the highest cut-off, indicating a high-value core to the resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“4.8”
Context: 12
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · zincTonnes: 12000000Grade: 3.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:008e929c55e1567586bc
Resource Data
- Category
- inferred
- Tonnes
- 12000000
- Grade
- 3.6
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Earaheedy zinc component at a 4.0% cut-off represents the highest-grade portion, but its stale and Inferred nature still limit its current positive impact.
Positive factors
- Highest grade of zinc at the highest cut-off, indicating a high-value core to the resource.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“3.6”
Context: 12
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · leadTonnes: 12000000Grade: 1.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- lead
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:008e929c55e1567586bc
Resource Data
- Category
- inferred
- Tonnes
- 12000000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The lead component at a 4.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of lead as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“1.2”
Context: 12
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
inferredEaraheedy Zinc Joint Venture · silverTonnes: 12000000Grade: 5.7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:008e929c55e1567586bc
Resource Data
- Category
- inferred
- Tonnes
- 12000000
- Grade
- 5.7
- Grade Unit
- g/t
- Cutoff Grade
- 4
- Cutoff Unit
- % Zn+Pb
Prior Estimate
- Resource Date
- 2023-04-19
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-04-19T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The silver component at a 4.0% cut-off is a positive byproduct, but its low grade, stale nature, and Inferred classification limit its individual materiality.
Positive factors
- Presence of silver as a byproduct, adding to the polymetallic nature.
- Resource is JORC 2012 compliant.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is stale, unchanged since 2023, suggesting no recent progress.
- QP sign-off not explicitly stated in this document for this estimate.
Evidence · table
“5.7”
Context: 12
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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 3.4 years before this release
Fact 43View all detailsHide details
Identity
- Ticker
- ZNC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The successful completion of the rights issue provided significant funding for exploration, which is a material positive for the company's operations.
Positive factors
- Successful capital raise, strengthening the company's financial position.
- Funds used to ramp up exploration activities.
Evidence · text
“$3.53 million rights issue completed in July 2025”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 44View all detailsHide details
Identity
- Ticker
- ZNC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This substantial strategic placement at a premium price is a highly positive and material event, significantly improving the company's financial liquidity and investor backing.
Positive factors
- Significant capital raise, further strengthening the company's financial position.
- Placement at a premium to the last closing price, indicating investor confidence.
- Strategic placement to Ida Metal Investments Pty Ltd.
Evidence · text
“$7.65 million strategic placement to Ida Metal Investments Pty Ltd at $0.1275 per share”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 45View all detailsHide details
Identity
- Ticker
- ZNC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The exercise of options provided additional capital, which is a positive for the company's financial position, though less material than the larger capital raises.
Positive factors
- Additional funding generated from option exercises, contributing to the company's cash reserves.
Evidence · text
“approximately $1.75 million from the exercise of options”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (6)
bottle rollConsolidated Dulcie Gold Project · goldRecovery: 94 %View all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- preliminary
- Test Type
- bottle roll
- Processing Route
- mill_cil
- Sample
- fresh
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High gold recovery from fresh material is a strong positive, indicating good metallurgical characteristics, though the preliminary scale of the testwork and potential for pyrrhotite warrant some caution.
Positive factors
- High gold recovery from fresh material, indicating good amenability to conventional processing.
- Recovery is within the exceptional band for mill/CIL processing.
Negative factors
- Testwork is at bench scale (bottle-roll), which is preliminary and may not fully reflect commercial performance.
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
Evidence · text
“94% (fresh)”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The 94% gold recovery is within the exceptional band for mill/CIL processing.
Evidence · text
“94% (fresh)”
bottle rollConsolidated Dulcie Gold Project · goldRecovery: 97 %View all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- preliminary
- Test Type
- bottle roll
- Processing Route
- mill_cil
- Sample
- lower saprolite
Recovery
- Recovery
- 97 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Very high gold recovery from lower saprolite is a strong positive, indicating excellent metallurgical characteristics, though the preliminary scale of the testwork and potential for pyrrhotite warrant some caution.
Positive factors
- Very high gold recovery from lower saprolite material, indicating excellent amenability to conventional processing.
- Recovery is within the exceptional band for mill/CIL processing.
Negative factors
- Testwork is at bench scale (bottle-roll), which is preliminary and may not fully reflect commercial performance.
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
Evidence · text
“97% (lower saprolite)”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The 97% gold recovery is within the exceptional band for mill/CIL processing.
Evidence · text
“97% (lower saprolite)”
bottle rollConsolidated Dulcie Gold Project · goldRecovery: 94 %View all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- preliminary
- Test Type
- bottle roll
- Processing Route
- mill_cil
- Sample
- saprock
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High gold recovery from saprock is a strong positive, indicating good metallurgical characteristics, though the preliminary scale of the testwork and potential for pyrrhotite warrant some caution.
Positive factors
- High gold recovery from saprock material, indicating good amenability to conventional processing.
- Recovery is within the exceptional band for mill/CIL processing.
Negative factors
- Testwork is at bench scale (bottle-roll), which is preliminary and may not fully reflect commercial performance.
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
Evidence · text
“94% (saprock)”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The 94% gold recovery is within the exceptional band for mill/CIL processing.
Evidence · text
“94% (saprock)”
gravity leachConsolidated Dulcie Gold Project · goldRecovery: 85 %View all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- preliminary
- Test Type
- gravity leach
- Processing Route
- mill_cil
- Sample
- oxide composites
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High cyanide leach recoveries from oxide material, combined with effective gravity separation, are a strong positive for the project's metallurgical profile, despite the preliminary scale and potential for pyrrhotite.
Positive factors
- High cyanide leach recoveries from oxide composites, indicating good amenability to processing.
- Recovery is within the strong to exceptional band for mill/CIL processing.
- Gravity stage captures a significant portion of gold to a high-grade concentrate.
Negative factors
- Testwork is at bench scale, which is preliminary and may not fully reflect commercial performance.
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
Evidence · text
“cyanide leach recoveries of 85–98%”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The 85-98% gold recovery is within the strong to exceptional band for mill/CIL processing.
Evidence · text
“85–98%”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravity leachConsolidated Dulcie Gold Project · goldView all detailsHide details
Identity
- Project
- Consolidated Dulcie Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- preliminary
- Test Type
- gravity leach
- Processing Route
- mill_cil
- Sample
- oxide composites
Recovery
- Recovery Basis
- to_concentrate
- Mass Pull
- 55 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The high mass pull to a gravity concentrate is a positive indicator for efficient gold recovery and potential cost savings, despite the preliminary test scale.
Positive factors
- Significant mass pull to a high-grade concentrate via gravity, indicating efficient pre-concentration.
- This can reduce downstream processing costs and improve overall economics.
Negative factors
- Testwork is at bench scale, which is preliminary and may not fully reflect commercial performance.
- Potential for processing complexity due to pyrrhotite, as noted in the MRE risks.
Evidence · text
“Knelson gravity stage capturing up to 55% of gold to a high-grade concentrate”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
flotationEaraheedy Zinc Joint Venture · zincRecovery: 79 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Earaheedy Zinc Joint Venture
- Commodity
- zinc
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- ZNC
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- flotation
Recovery
- Recovery
- 79 %
- Recovery Basis
- to_concentrate
- Conc. Grade
- 61
- Conc. Grade Unit
- % Zn+Pb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-11-01T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The historical metallurgical testwork shows good zinc recovery and concentrate grade, which is positive for the project's viability, but its historical nature and bulk concentrate imply further work is needed.
Positive factors
- Good zinc recovery into a high-grade bulk concentrate, indicating viable processing.
- HydroFloat™ coarse gangue rejection demonstrates potential for efficiency gains.
Negative factors
- Testwork is historical (November 2024) and part of an ongoing scoping study, not definitive.
- Bulk concentrate implies further separation may be needed, adding complexity.
Evidence · text
“zinc recoveries of 79% into a 61% Zn+Pb bulk concentrate”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.