Cowarra 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 Gold Potential
Cowarra is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for gold endowment and is somewhat distal to other gold properties. Physical setting (high elevation, very high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Mixed sedimentary rocks, under thick lithosphere with very thin sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average high grade, short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-10-05 | 1.40 g/t Gold over 1.0 m from 10.0 m | High Grade | Thin | Very Shallow |
| 2022-10-05 | 2.40 g/t Gold over 1.0 m from 61.0 m | High Grade | Thin | Moderate Depth |
| 2022-10-05 | 1.80 g/t Gold over 1.0 m from 144.0 m | High Grade | Thin | Moderate Depth |
| 2022-10-05 | 1.20 g/t Gold over 2.0 m from 110.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2022-10-05 | 2.00 g/t Gold over 1.0 m from 106.0 m | High Grade | Thin | Moderate Depth |
| 2022-10-05 | 6.40 g/t Gold over 8.0 m from 89.0 m | Very High Grade | Very Thick | Moderate Depth |
| 2022-10-05 | 1.10 g/t Gold over 1.0 m from 87.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-10-05 | 2.50 g/t Gold over 26.0 m from 87.0 m | High Grade | Very Thick | Moderate Depth |
| 2022-10-05 | 0.50 g/t Gold over 1.0 m from 81.0 m | Moderate Grade | Thin | Moderate Depth |
| 2022-10-05 | 1.30 g/t Gold over 1.0 m from 75.0 m | High Grade | Thin | Moderate Depth |
| 2022-10-05 | 2.30 g/t Gold over 3.0 m from 55.0 m | High Grade | Thick | Moderate Depth |
| 2022-10-05 | 1.40 g/t Gold over 2.0 m from 0.0 m | High Grade | Moderate Thickness | Very Shallow |
| 2022-10-05 | 4.50 g/t Gold over 3.0 m from 50.0 m | Very High Grade | Thick | Moderate Depth |
| 2022-10-05 | 2.00 g/t Gold over 12.0 m from 50.0 m | High Grade | Very Thick | Moderate Depth |
| 2022-10-05 | 0.40 g/t Gold over 1.0 m from 73.0 m | Moderate Grade | Thin | Moderate Depth |
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.