# Desert Gold Delivers Positive PEA for SMSZ Project with USD $24M After-Tax NPV \(10%\) and 34% IRR at USD $2,500/oz Gold for Barani and Gourbassi Deposits in Mali Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8 Original source: https://money.tmx.com/en/quote/DAU/news/5171713822819769/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10 Publisher: tmx Original announcement: 2025-08-07T09:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Desert Gold Ventures Inc. - Ticker: DAU - Exchange: TSX - Region: Mali - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Production, Metallurgy - Extracted: 2026-09-15 19:14:37 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Desert Gold Ventures Inc. announced a positive maiden Preliminary Economic Assessment \(PEA\) for its SMSZ Gold Project in Mali, outlining a low-capex, open-pit oxide mining operation. The PEA projects an after-tax NPV \(10%\) of $24 million and an IRR of 34% at a $2,500/oz gold price, with an initial capital cost of $15 million and all-in sustaining costs of $1,352/oz. The study highlights a modular plant design and potential for future expansion, but notes its early-stage nature and reliance on Inferred Mineral Resources. Reasoning: Desert Gold's maiden PEA for the SMSZ Project in Mali outlines positive economics with a low initial capex and strong returns, supported by a conventional processing route. However, the study is early-stage and relies heavily on Inferred Mineral Resources, which carry higher geological uncertainty. - Positive factor: Positive after-tax NPV and IRR at base case gold price - Positive factor: Low initial capital expenditure for project development - Positive factor: Low all-in sustaining costs per ounce - Positive factor: Modular plant design allows for staged development and flexibility - Positive factor: Free-milling gold mineralization with conventional processing route - Negative factor: Preliminary Economic Assessment \(PEA\) is an early-stage study with inherent uncertainties - Negative factor: Significant portion of the resource is in the Inferred category, which has lower geological confidence - Negative factor: Economic assessment is sensitive to gold price fluctuations - Negative factor: Metallurgical test work is preliminary \(bottle roll and gravity tests\) Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 29 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document announces the results of its maiden Preliminary Economic Assessment \('PEA'\) for the Barani and Gourbassi deposits. Evidence · text > maiden Preliminary Economic Assessment **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The PEA includes Inferred Mineral Resources, which are considered too geologically uncertain to support economic evaluations. Evidence · text > This Preliminary Economic Assessment \(PEA\) is an early-stage study that includes Inferred Mineral Resources. These resources are considered too geologically uncertain to support economic evaluations that would allow them to be classified as Mineral Reserves. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA and MRE were prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with the definitions and guidelines set out by the Canadian Institute of Mining, Metallurgy and Petroleum \(CIM\), as adopted by reference under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr. Daniel \(Daan\) van Heerden and Ty Magee are named as Qualified Persons responsible for the technical content. Evidence · text > Mr. Daniel \(Daan\) van Heerden \(B Eng \(Min.\), MCom \(Bus. Admin.\), MMC, Pr.Eng. \(Reg. No. 20050318\), FSAIMM \(Reg. No. 37309\), AMMSA\), a Director with Minxcon who is a Qualified Person \(QP\) as defined by NI 43-101 and independent of Desert Gold Ventures Inc. The full NI 43-101 Technical Report for the SMSZ Project will be filed and available on SEDAR+ \(www.sedarplus.ca\) within 45 days of this news release. The scientific and technical information contained in this news release has been also reviewed and approved by Ty Magee \(M.Sc., P. Geo\), a Qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The document is a Preliminary Economic Assessment \(PEA\) for the project. Evidence · text > maiden Preliminary Economic Assessment \('PEA'\) **Low Capex** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The PEA outlines a low-capex operation with an initial capital cost of $15 million. Evidence · text > low-capex, open-pit oxide mining operation **Low AISC** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The all-in sustaining cost \(AISC\) is estimated at $1,352/oz, which is a competitive cost. Evidence · text > Mine site all in sustaining cost \(per ounce sold\) $1,352 **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Metallurgical test work indicates free-milling gold mineralization suitable for conventional processing. Evidence · text > demonstrate free-milling gold mineralization suitable for gravity recovery followed by carbon-in-leach \(CIL\) processing. **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Metallurgical test work consists of preliminary bottle roll and gravity recovery tests, which are bench-scale. Evidence · text > Preliminary bottle roll and gravity recovery tests **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cutoff grade for reporting the Mineral Resource Estimate \(MRE\) is explicitly stated as 0.2 g/t Au. Evidence · text > The current cutoff grade for reporting the Mineral Resource Estimate \(MRE\) is 0.2 g/t Au. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 29. Some facts used in scoring do not have a stored record. ## Resource Estimates (28) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-0) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:ce290dbeee7af04783bd - Deposit or zone: Gourbassi West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 2460000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 61600 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Measured resource at Gourbassi West provides a high-confidence base for the project, though the grade is moderate for gold. - Positive factor: Measured category indicates high geological confidence - Positive factor: Contributes to the overall project resource Evidence · table > 2.46 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-1) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:96e3c75ddb8849300e83 - Deposit or zone: Barani East - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 680000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 43900 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Measured resource at Barani East provides a high-confidence base for the project with a good gold grade. - Positive factor: Measured category indicates high geological confidence - Positive factor: Higher grade for gold Evidence · table > 0.68 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-2) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:bde4429c513b647b88dc - Deposit or zone: Total Measured - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 3140000 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 105500 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The total Measured resource provides a strong, high-confidence foundation for the project's economic assessment. - Positive factor: Total Measured resource provides a solid high-confidence base for the project Evidence · table > 3.14 Context: Total Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-3) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:08e02e8b7e98ec2c38f5 - Deposit or zone: Gourbassi East - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 2720000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 92600 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Indicated resource at Gourbassi East adds to the project's confidence with a good gold grade. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Good gold grade Evidence · table > 2.72 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-4) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:c5c18de00af4aff13e2a - Deposit or zone: Gourbassi West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4280000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 89700 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Indicated resource at Gourbassi West adds significant tonnage to the project, though with a lower gold grade. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Significant tonnage Evidence · table > 4.28 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-5) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:9536a6e11cb7544bedc3 - Deposit or zone: Barani East - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 980000 - Grade: 1.56 - Grade Unit: g/t - Contained Metal: 49000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Indicated resource at Barani East contributes to the project's confidence with a good gold grade. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Good gold grade Evidence · table > 0.98 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-6) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:b5acaf52eacfddf662c0 - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 7980000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 231300 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The total Indicated resource provides a significant base for the project with reasonable geological confidence. - Positive factor: Total Indicated resource provides a substantial base with reasonable geological confidence Evidence · table > 7.98 Context: Total Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-7) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:6a462b66c3e1b4e78093 - Deposit or zone: Total M&I - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 11120000 - Grade: 0.94 - Grade Unit: g/t - Contained Metal: 336800 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The total Measured and Indicated resource forms a substantial and reasonably confident foundation for the project's economic assessment. - Positive factor: Combined Measured and Indicated resource provides a strong, confident base for the project Evidence · table > 11.12 Context: Total M&I #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-8) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:bb3da8ab275b4f851034 - Deposit or zone: Mogoyafara South - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 14330000 - Grade: 0.97 - Grade Unit: g/t - Contained Metal: 447500 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Large Inferred resource at Mogoyafara South offers substantial future potential but requires further drilling to upgrade confidence. - Positive factor: Significant tonnage and contained gold in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 14.33 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-9) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:18122fa31a4cd23fd71e - Deposit or zone: Linnguekoto West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1470000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 67000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Linnguekoto West shows good grade potential but requires further work to increase confidence. - Positive factor: Good gold grade in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 1.47 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-10) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:50d9bd8b543bae8c9f40 - Deposit or zone: Gourbassi East - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2220000 - Grade: 1.21 - Grade Unit: g/t - Contained Metal: 86000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Gourbassi East shows good grade potential but requires further work to increase confidence. - Positive factor: Good gold grade in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 2.22 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-11) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:20936f83cd418e73331f - Deposit or zone: Gourbassi West - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3460000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 83800 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Gourbassi West adds tonnage but with a lower grade, requiring further work to increase confidence. - Positive factor: Significant tonnage in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone - Negative factor: Lower gold grade Evidence · table > 3.46 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-12) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:1eeab505deebadea16bb - Deposit or zone: Gourbassi West North - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2450000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 56500 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Gourbassi West North adds to the resource base but with lower confidence and grade. - Positive factor: Contributes to the overall Inferred resource base - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone - Negative factor: Lower gold grade Evidence · table > 2.45 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-13) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:c286c3b14f6fc03cc6c4 - Deposit or zone: Barani East - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1240000 - Grade: 1.38 - Grade Unit: g/t - Contained Metal: 55100 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Barani East shows good grade potential but requires further work to increase confidence. - Positive factor: Good gold grade in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 1.24 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-14) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:1867f2bed7c3e528a7a4 - Deposit or zone: Barani Gap - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1070000 - Grade: 0.88 - Grade Unit: g/t - Contained Metal: 30200 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Barani Gap adds to the resource base but with lower confidence and moderate grade. - Positive factor: Contributes to the overall Inferred resource base - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone - Negative factor: Moderate gold grade Evidence · table > 1.07 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-15) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:d6e44a83cc2fc1c0658c - Deposit or zone: KenieGoulou - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 460000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 35200 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at Keniegoulou shows high grade potential but is smaller in tonnage and requires further work to increase confidence. - Positive factor: High gold grade in the Inferred category provides future upside potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone - Negative factor: Smaller tonnage Evidence · table > 0.46 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-16) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:274a6c0c1656eaee2b2b - Deposit or zone: KE - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 470000 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 18600 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource at KE adds to the resource base but with lower confidence and smaller tonnage. - Positive factor: Contributes to the overall Inferred resource base - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone - Negative factor: Smaller tonnage Evidence · table > 0.47 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-17) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:5a20450c6a155c94bf74 - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 27160000 - Grade: 1.01 - Grade Unit: g/t - Contained Metal: 879900 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The large total Inferred resource represents significant future potential but requires substantial work to upgrade confidence. - Positive factor: Large total Inferred resource provides significant future growth potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 27.16 Context: Total Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-18) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:10e8527ce2d35e6a5b43 - Deposit or zone: Barani - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 148000 - Grade: 2.42 - Grade Unit: g/t - Contained Metal: 11500 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: High-grade Measured resource within the Barani PEA pit provides confident, high-quality feed for initial operations. - Positive factor: High-grade Measured resource within the PEA pit - Positive factor: Provides high confidence material for initial mining Evidence · table > 148 Context: Barani #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-19) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:2196dee3c20fc2c91b00 - Deposit or zone: Barani - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 1.91 - Grade Unit: g/t - Contained Metal: 2700 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Good grade Indicated resource within the Barani PEA pit contributes to the confident material for initial operations. - Positive factor: Good grade Indicated resource within the PEA pit - Positive factor: Adds to confident material for initial mining Evidence · table > 43 Context: Barani #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-20) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:72249ea906a8ce8bf81f - Deposit or zone: Barani - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 339000 - Grade: 1.58 - Grade Unit: g/t - Contained Metal: 17300 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource within the Barani PEA pit adds material to the mine plan but with lower confidence. - Positive factor: Contributes to the PEA mine plan with good grade potential - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 339 Context: Barani #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-21) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:747501b10d6ae52c4111 - Deposit or zone: Barani - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 530000 - Grade: 1.84 - Grade Unit: g/t - Contained Metal: 31400 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The total resource within the Barani PEA pit provides a good grade material for the mine plan, though it includes lower confidence Inferred resources. - Positive factor: Total resource within the Barani PEA pit provides a good grade material for the mine plan - Negative factor: Includes Inferred resources which have lower confidence Evidence · table > 530 Context: Grand Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-22) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:72fcdc5f5b060d79a75c - Deposit or zone: Gourbassi - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1289000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 38100 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Measured resource within the Gourbassi PEA pit provides confident material for the mine plan. - Positive factor: Measured resource within the PEA pit provides high confidence material for mining Evidence · table > 1,289 Context: Gourbassi #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-23) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:232d35b20bc70f19b286 - Deposit or zone: Gourbassi - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 377000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 10400 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Indicated resource within the Gourbassi PEA pit contributes to the confident material for the mine plan. - Positive factor: Indicated resource within the PEA pit adds to confident material for mining Evidence · table > 377 Context: Gourbassi #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-24) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:09b53b69c10bb0742dd4 - Deposit or zone: Gourbassi - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1452000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 43200 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: Inferred resource within the Gourbassi PEA pit adds significant tonnage to the mine plan but with lower confidence. - Positive factor: Contributes significant tonnage to the PEA mine plan - Negative factor: Inferred resource has a low level of confidence and cannot support economic studies alone Evidence · table > 1,452 Context: Gourbassi #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-25) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Daniel \(Daan\) van Heerden, Ty Magee - Resource group id: resource:9bf5eaed62fca196967b - Deposit or zone: Gourbassi - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3117000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 91800 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The total resource within the Gourbassi PEA pit provides substantial material for the mine plan, though it includes lower confidence Inferred resources. - Positive factor: Total resource within the Gourbassi PEA pit provides substantial material for the mine plan - Negative factor: Includes Inferred resources which have lower confidence Evidence · table > 3,117 Context: Grand Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 27 [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-27) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Reporting standards: ni\_43\_101 - Resource group id: resource:aebaf2a2d29bf3218bf7 - Mining method: combined - Ownership percent: 100 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The PEA outlines strong economic metrics for the project at the base case gold price, with a low initial capex and long mine life, but is subject to the uncertainties of an early-stage study. - Positive factor: Positive after-tax NPV and IRR at base case gold price - Positive factor: Low initial capital expenditure - Positive factor: Low all-in sustaining costs - Positive factor: Long mine life - Negative factor: PEA is an early-stage study with inherent uncertainties - Negative factor: Reliance on Inferred Mineral Resources Evidence · table > $24 M Context: NPV @10% Discount Rate \(millions, after tax\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 28 [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-resource-facts-28) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Resource scope - Reporting standards: ni\_43\_101 - Resource group id: resource:aebaf2a2d29bf3218bf7 - Mining method: combined - Ownership percent: 100 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The project demonstrates significantly improved economics at the current spot gold price, indicating strong leverage to gold price, though still an early-stage assessment. - Positive factor: Significantly enhanced economics at current spot gold price - Positive factor: Very high IRR and NPV - Negative factor: PEA is an early-stage study with inherent uncertainties - Negative factor: Reliance on Inferred Mineral Resources Evidence · table > 54 M Context: NPV @10% Discount Rate \(millions, after tax\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## Metallurgical Results (1) ### bottle roll [Link to this fact](https://atlas-extractions.minestarters.com/news/desert-gold-delivers-positive-pea-for-smsz-project-with-usd-24m-after-tax-npv-10--66611efb-c0e0-44b5-bc41-e4f41ef0adf8#fact-metallurgical-facts-26) SMSZ Project · gold #### Identity - Project: SMSZ Project - Commodity: gold - Region: mali - Reported Region: Mali - Ticker: DAU #### Test Work - Program Status: scoping - Test Type: bottle roll - Processing Route: gravity and CIL #### Recovery - Recovery: 86 % - Recovery Basis: actual\_test - Head Grade: 0.95 - Head Grade Unit: g/t #### Lab - Laboratory: Minxcon - Consultant: Minxcon #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-07T00:00:00.000Z Reasoning: The 86% gold recovery is positive for a CIL process, indicating free-milling ore, but the preliminary nature of the test work introduces some uncertainty. - Positive factor: Good gold recovery for a CIL process - Positive factor: Free-milling mineralization supports conventional processing - Negative factor: Test work is preliminary \(bottle roll and gravity tests\) Evidence · table > 86 Context: Gold process recovery \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the mill\_cil signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity 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.