Ann: Wallbrook Exploration Target & Mineral Resource Estimate, page-214

Has any other company released an JORC 2023 compliant MRE?
From what I can see JORC 2023 hasn't yet been implemented.
Below is a couple of images from BMG's MRE announcement on April 17th.

They had a market cap of around $4m and sp of 1.2cps at the time of the release. They increased to 1.8cps on the day and are now undertaking a capital raising at 1.25cps, which is a 21% discount to the share price at the time of the raising announcement.

This is the path NXM should've went down imo. Put a JORC 2012 MRE out there with the largest allowable figure so the market can see what the company currently has in total, so investors can better see just where the cash spend so far has gone, then raise extra cash to underpin further activities.

This is one the worst undersells of a company's potential I've seen. I find it difficult to believe AT couldn't anticipate the negative reaction the release would receive. Most on HC expressed a strong negative sentiment immediately and the market acted as expected.

Whilst the company may be commended for engaging with some shareholders directly, surely that in itself says they need to offer up a greater explanation. Right now the lack of clarity is just further undermining the company.

If there is a plan to monetise the resource then come out and explain it.