RE: Not an RTO22 Dec 2025 09:41
It’s clear now they raised to conclude the drilling / updated CPR - see RNS extract below. So for doubters why would you do this? Agree RNS not well written, but all hints are there!
Further to the Company's announcement on 28 November 2025, the Company has recently engaged SLR Consulting Australia Pty Ltd ("SLR"), to conduct a confirmatory drilling campaign, commencing on Lots 7 and 8 at the Yammacoona Sand Quarry in New South Wales, Australia, with the intention of proving a measured resource. Further drilling on Lot 5 may be initiated based on the initial results of Lots 7 and 8. Atlas Metals is expecting SLR to complete the drilling activity in early 2026 in order to provide an updated Competent Person's Report ("CPR"), which is expected to include certain JORC resources being upgraded from the inferred to measured category, prior to the completion of the Proposed Acquisition.