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Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Iron Bear

Newfoundland and Labrador, Canada · Developing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at
Measured	—	—	—	—
Indicated	4,500.00 Mt	29.46%	1,325.70 Mt Fe	05 May 2026
Inferred	9,100.00 Mt	30.31%	2,758.21 Mt Fe	05 May 2026
Total Resources	13,600.00 Mt	30.03%	4,084.08 Mt Fe	05 May 2026
Proved	—	—	—	—
Probable	3,300.00 Mt	29.10%	960.30 Mt Fe	12 May 2026
Total Reserves	3,300.00 Mt	29.10%	960.30 Mt Fe	12 May 2026

Cut-off grade

12.5000 % Fe

Price assumption

A$100.00/t

JORC code year

2012

Peer benchmark — developing Fe projects (8 with resources)Resource size P94Resource grade P44View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Iron Bear Project PFS delivers outstanding results · 12 May 2026
Reporting code: JORC 2012
Convention: unknown
Currency assumption: A$

Current R&R

Resources

Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Indicated	4,500.00 Mt	29.46%	1,325.70 Mt Fe	05 May 2026	9Unverified Evidence record Iron Bear Indicated · Fe · as at 2026-05-05 Reported figure Area Whole project Basis 100% Ore tonnes (t) 4500000000.0000 Grade 29.4600 Contained (t Fe) 1325700000.0000 Classification Resource Source trail Indicated Mineral Resource increased to 4.5BT @ 29% Fe 9 Published 2026-05-12 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.

Reserves

Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Probable	3,300.00 Mt	29.10%	960.30 Mt Fe	12 May 2026	41, 147Unverified Evidence record Iron Bear Probable · Fe · as at 2026-05-12 Reported figure Area Whole project Basis 100% Ore tonnes (t) 3300000000.0000 Grade 29.1000 Contained (t Fe) 960300000.0000 Classification Reserve Source trail Iron Bear Project PFS delivers outstanding results 41, 147 Published 2026-07-29 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: Iron Bear Project PFS delivers outstanding results · published 29 July 2026 Ref: 41, 147 JORC 2012 — Reporting code of record: JORC 2012 Cutoff 12.50 % Fe — Cut-off grade assumption from the source statement. @ A$ 100/t — Metal price assumption used to derive this estimate.
Total Reserves	3,300.00 Mt	29.10%	960.30 Mt Fe	12 May 2026	41, 147Unverified Evidence record Iron Bear Total Reserve · Fe · as at 2026-05-12 Reported figure Area Whole project Basis 100% Ore tonnes (t) 3300000000.0000 Grade 29.1000 Contained (t Fe) 960300000.0000 Classification Reserve Source trail Iron Bear Project PFS delivers outstanding results 41, 147 Published 2026-07-29 Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: Iron Bear Project PFS delivers outstanding results · published 29 July 2026 Ref: 41, 147 JORC 2012 — Reporting code of record: JORC 2012