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Original announcement by stockhead on
- Company
- Waratah Minerals
- Ticker
- WTM
- Exchange
- Unavailable
- Region
- NSW
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-09-23 21:04:03 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Waratah Minerals (ASX:WTM) reported a significant drill result at its Spur gold project in New South Wales, featuring 46 metres at 7.27 g/t gold. The result is noted as the best to date for the site and has contributed to a 35% rise in share price.
Reasoning: The document reports a high-grade gold intercept of 7.27 g/t over 46m, which is described as the site's best to date, driving a 35% share price increase.
Positive factors
- High-grade intercept
- Significant width
- Site best to date
Facts used in scoring: 1
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 46m at 7.27g/t Au is a strong intercept for an orogenic gold project.
Evidence · text
“46m at 7.27g/t Au, hailed as the site’s best to date”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Drill Results (1)
Fact 1Spur · goldGrade: 7.27Grade Unit: g/tIntercept: 46 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Spur
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- WTM
Geometry
- Grade
- 7.27
- Grade Unit
- g/t
- Intercept
- 46 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Spur
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: Intercept of 7.27 g/t over 46m is high grade and wide.
Positive factors
- High grade
- Significant width
Evidence · text
“46m at 7.27g/t Au, hailed as the site’s best to date”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
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.