Disclosure checks
Visual estimates
Every drilling, resource and cash-flow announcement is checked against what the ASX itself focuses on when it reviews exploration results. A flag is not an accusation - it's a question worth asking before you invest.
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.
PRU: PRU June 2026 Quarter Report - 30 Jul 2026What DrillScore checks
- Missing tables. A company reporting exploration results for a material project must include a drill-hole table (locations and intercepts) and sections 1 and 2 of JORC Table 1. JORC Table 1 explained
- Metal equivalents. The ASX's position is that equivalents aren't appropriate without metallurgical recovery information - with none given, it assumes 100% recovery. Metal equivalents explained
- Cherry-picking. Reporting only selected results breaches the JORC requirement for balanced reporting of low and high grades. DrillScore compares holes drilled with holes reported. Balanced reporting
- Visual estimates. The ASX discourages estimating mineralisation from visual inspection alone. Visual estimates
- Smearing. When one rich metre supplies most of a long interval's gram-metres. Smearing and the nugget effect
- Money. Fewer than 2 quarters of funding, or a raise that adds 15%+ more shares. Cash runway and raisings
General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.
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