Red flags in ASX mining announcements

1m @ 54.2g/t Au from 306.1m contributes 82% of the gram-metres of 14.3m @ 4.6g/t Au from 304m in RRLBMRCD394; the rest of the interval is much lower grade.

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

Only best or significant intercepts are listed. No nil or low results, no hole-by-hole list, and no hole count for the reported results, against 133 holes drilled. The Orion South Western Lode has high-grade intersections with no grades given. Interval rules are stated only for Lexington and Orion South.

The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.

The Competent Persons statement cites only the 26 October 2026 Lexington release for all exploration results. The Orion South and Hornet intercepts are not identified as previously released, and no Competent Person is named in the statement, so they may be new results without a drill-hole table, JORC Table 1 or a valid CP reference.

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

Only three holes are named (CCM-91, CCM-92, CCM-94), and the text says 'significant intercepts included', which signals a selection. CCM-93 appears in the numbering but is not mentioned, and there is no statement on whether it had a significant result. Holes drilled, nil results, cut-off and internal dilution are not given.

The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.

The text quotes 6 Lexington, 3 Hornet and 4 Orion South highlights. The tables list only holes with significant intercepts, with no nil holes and no hole depths. The release does not say which holes are new, so the 88 holes drilled this quarter (plus 45 at Orion South) cannot be matched to the roughly 170 holes in the tables. Low-grade and nil results are not summarised.

Some holes, collar details or nil results are missing from the drill-hole table.

Northparkes tables list nil holes for E26, E51 and Major Tom, but the 31 Monzonite Stock Contact holes without significant assays are not listed; the company says this is in line with the broad nature of discovery drilling. Northparkes primary intervals use a 0.3% Cu cut-off with bulking of up to 20m, and the minimum intercept length was cut from 20m in earlier releases to 10m, which allows longer and more numerous intervals. Cowal gives four holes with no nil results and no total hole count, while saying all available discovery results are reported. Ernest Henry is a single hole. This list is capped at 60 rows, so 11 short Northparkes intervals of 10-16m at about 0.3% Cu are not listed.

16m @ 0.65% Cu from 44m contributes 93% of the %-metres of 18m @ 0.62% Cu from 42m in E51D022; the rest of the interval is much lower grade. 3 other intervals are carried the same way.

Some holes, collar details or nil results are missing from the drill-hole table.

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

No holes drilled or reported counts, no nil or low results, and no cut-off grade are given. The Garden Well figure highlights intersections outside the existing mine. Reporting is therefore selective.

The 7Mt at 1.1g/t for 270koz estimate is reported within an A$3,900/oz pit shell with no cut-off grade stated and no JORC Table 1. If first disclosed here, the ASX would expect these. If released earlier, the report should cross-reference that release.

Some holes, collar details or nil results are missing from the drill-hole table.

The equivalent formula is shown, but the metallurgical recovery for each metal in it is not stated with the test work behind it. The ASX expects recoveries to be disclosed for metal equivalents; without them it assumes 100%.

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

Results are given as highlights only. For Yaoure proximal, 35 holes were drilled and 3 highlighted; for Waste Dump Extension, 56 holes and 5 highlighted; for Papara, 18 holes and 4 highlighted; for Ifugandi, 15 holes assayed and 4 highlighted. Nil and low results are not listed, and holes drilled are not reported for every program. The release notes weak to moderate grades at Yaoure proximal, but does not list the weaker holes.

Descriptions of weak, sporadic pyrite and quartz-calcite veining at Besease (Domenase PL) and Nanankaw come from logging before assays are reported. No quantified visual percentages are given, and the release does not include the cautionary statement the ASX expects for visual estimates. The ASX discourages reporting visual estimates: grades are only known once assays are back.

The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.

3m @ 18.7g/t Au from 129m contributes 95% of the gram-metres of 8m @ 7.35g/t Au from 126m in YRC3364; the rest of the interval is much lower grade. 3 other intervals are carried the same way.

Some holes, collar details or nil results are missing from the drill-hole table.

10 of 11 holes reported - the rest are not reported or explained. The announcement says seven Saturn holes were drilled but the table shows six. Nil results appear for two Penny West holes (RPWDD058, RPWDD060) but no Saturn holes are shown as nil. Figure 6 labels intervals not in Appendix 2 and shows holes with assays pending, which are not counted. Long intervals of 19.3m, 22m and 26.1m are reported with dilution rules that are described differently in two places.

The equivalent formula is shown, but the metallurgical recovery for each metal in it is not stated with the test work behind it. The ASX expects recoveries to be disclosed for metal equivalents; without them it assumes 100%.