Devoncourt Property
Executive Summary
Executive Summary (overview)
- One-paragraph overview tied to the latest reported drilling results date.
- Estimated probability of advancing to a formal resource.
- Typical ranges for grade, tonnage, mine life, and method mix.
- Cost structure summary and where the project ranks vs peers.
Regional Copper Potential
Devoncourt is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under very thick lithosphere with moderately thick sedimentary cover in a Middle Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average moderate grade, very long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-07-01 | 0.20 g/t Copper Equivalent over 48.0 m from 552.0 m | Low Grade | Very Thick | Very Deep |
| 2024-07-01 | 0.14 g/t Copper Equivalent over 195.0 m from 232.0 m | Low Grade | Very Thick | Moderate Depth |
| 2024-07-01 | 0.28 g/t Copper Equivalent over 147.0 m from 238.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-07-01 | 0.17 g/t Copper Equivalent over 61.0 m from 475.0 m | Low Grade | Very Thick | Very Deep |
| 2024-07-01 | 0.17 g/t Copper Equivalent over 96.0 m from 442.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.18 g/t Copper Equivalent over 80.0 m from 482.0 m | Low Grade | Very Thick | Very Deep |
| 2024-07-01 | 0.43 g/t Copper Equivalent over 29.0 m from 345.0 m | Moderate Grade | Very Thick | Deep |
| 2024-07-01 | 0.20 g/t Copper Equivalent over 152.0 m from 270.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.20 g/t Copper Equivalent over 135.0 m from 252.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.19 g/t Copper Equivalent over 109.0 m from 253.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.21 g/t Copper Equivalent over 92.0 m from 343.0 m | Moderate Grade | Very Thick | Deep |
| 2024-07-01 | 0.12 g/t Copper Equivalent over 75.0 m from 300.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.14 g/t Copper Equivalent over 8.0 m from 342.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.09 g/t Copper Equivalent over 25.0 m from 376.0 m | Low Grade | Very Thick | Deep |
| 2024-07-01 | 0.14 g/t Copper Equivalent over 8.0 m from 383.0 m | Low Grade | Very Thick | Deep |
Resource Potential
Resource Potential (overview)
- Probability estimate of advancing to a formal resource.
- Typical ranges for grade and tonnage with p50 markers.
- Side-by-side histograms vs. a global reference dataset.
- Plain-English guidance on how to interpret uncertainty.
Economic Potential
Economic Potential
- Distribution of NPV across 1,000 discounted cash-flow simulations.
- Expected NPV value with context vs. drill-stage peers.
- Discussion of spread, skew, and scenario tails (upside/downside).
- Explicit assumptions shown for discount rate and commodity price.
Assumption Distributions
Assumption Distributions
- Reserve conversion and mine life distributions.
- Recovery, processing costs, and waste:ore ratio ranges.
- Capex/offsite opex, average production rate, and other drivers.