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Resource Explorer

FAQ

The questions people ask most.

Access & accounts

Is it free?

During the foundation-user phase, yes — the full platform, no paywall. Paid subscriptions will follow; pricing isn’t set yet. See Access.

How do I get an account?

Foundation access is by invitation. If a colleague shared a link and you want your own login, email info@resourceexplorer.com.au. You can sign in with email or Google.

Do I need an account to look around?

No — you can browse the tools freely. An account lets you manage your profile and will carry your subscription when subscriptions launch.

Reading the data

Where does the data come from?

Appendix 5B filings (every line item, from the source PDFs), Quarterly Activities Reports, ASX announcements, monthly Top-20 register snapshots, and corporate-action- adjusted prices. Full breakdown on the methodology page.

How current is it?

5B reports are ingested within about 24 hours of lodgement; announcements within minutes; prices daily after the ASX close; register snapshots monthly; scores recomputed each quarter once the 5B universe is fully populated. See refresh cadences.

Why do your numbers differ from the company's filing?

Because the raw filings contain errors — wrong signs, transposed line items, figures in dollars instead of thousands, cash balances that don’t reconcile. We detect and correct those against section totals, market cap, and prior quarters; where a quarter genuinely can’t be reconciled we mark it rather than guess. The data here is better than the source — but always verify against the original ASX filing before acting on it. See the disclaimer.

What does runway mean?

Cash on hand divided by the recent rate of operating cash burn — roughly how long the company can keep going before it needs more money. It’s a snapshot, not a forecast: a big drill program or a capital raise changes it.

Scores

What do the 0–10 scores mean?

Each company gets six scores per quarter. 0 means no data or no activity. 1–10 is a percentile rank against every peer in the same quarter — 1 is the bottom decile, 10 the top. Five of the six normalise by the square root of market cap, so they measure intensity rather than absolute dollars; volatile metrics are smoothed so one noisy quarter doesn’t whipsaw the score. Full definitions on the methodology page and in the screener’s “learn more” tooltip.

Why does a company I know well have a score of 0?

Usually one of: no 5B filed for that quarter yet, a filing we couldn’t reconcile, or genuinely no activity in that dimension that quarter. It’s not a judgement — it’s an absence of data to rank.

Is a high score good?

Depends on the score. A high Funding Access score is good; a high Burn score just means fast burn (good or bad depending on whether they’re spending it in the ground); a low Admin score can flag a shell. The scores describe the company — they don’t rate it.

Picks

Are Picks chosen by a person or by AI?

Both. Each list runs an LLM agent across the whole active universe against a defined thesis — scoring and ranking candidates and writing up the rationale, positives, and concerns. A human reviews the run before it’s published. Every pick shows the model’s working, so you can see why it’s on the list — and disagree.

How often do the lists refresh?

Roughly monthly, on a manual cadence — each list’s header shows when it last ran and how many candidates were screened.

How is a Pick different from a screener preset?

A screener preset is a saved set of filters: you run it, you get whatever currently matches. A Pick is a curated shortlist — an agent has already done the screening, ranking, and write-up against a thesis, and a human has signed off. Presets are a starting point you steer; Picks are an opinion you can interrogate.

Is a Pick a recommendation to buy?

No. Picks are general factual information — a structured shortlist with the reasoning shown — not personal financial advice. See the disclaimer.

Screener

Can I save or share a screen?

Yes — the screen is encoded in the URL. Copy the address bar to share it, or bookmark it. There are also built-in presets under the Presets button.

Which quarter does it show?

The most recent quarter with enough filings to be meaningful, by default. Use the quarter selector (top right) to step back; the choice persists in the URL.

Can I see a company's full history?

Yes — click any company name to open its profile: 5B time-series, capital-raise timeline, board, register, project history, and market data, all the way back through its filings.

Coverage & history

Which companies are covered?

Every ASX-listed entity that files an Appendix 5B — the quarterly cash flow report required of mining and oil & gas explorers under Listing Rule 5.5. That’s typically 600–900 companies at any time. It’s activity-based, not size-based: a company can be worth billions and still file 5B if it hasn’t commenced material production.

What about delisted companies?

Retained — no survivorship bias. And when a company changes name or ticker, its history is stitched together so the record stays intact across the rebrand.

How far back does it go?

Appendix 5B data goes back to 2010. The Universe index curves start from Q1 2021, when the universe reached a stable size.

I found something wrong — what do I do?

Tell us. There’s a feedback box at the top of every page, or email info@resourceexplorer.com.au. Data corrections get prioritised, and the changelog shows what’s been fixed.