Nimba 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
Nimba is located in Liberia, Africa. The surrounding region has historically demonstrated a moderate potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under moderately thick lithosphere with thin sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, moderate length, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-11-14 | 0.78 g/t Gold over 2.0 m from 43.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2023-11-14 | 0.71 g/t Gold over 2.0 m from 9.0 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2023-11-14 | 10.24 g/t Gold over 13.0 m from 35.0 m | Very High Grade | Very Thick | Shallow |
| 2023-11-14 | 47.10 g/t Gold over 1.0 m from 39.0 m | Very High Grade | Thin | Shallow |
| 2023-11-14 | 0.71 g/t Gold over 2.0 m from 57.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-11-14 | 0.14 g/t Gold over 6.0 m from 34.0 m | Low Grade | Thick | Shallow |
| 2023-11-14 | 0.22 g/t Gold over 6.0 m from 61.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-12-12 | 6.98 g/t Gold over 20.0 m from 29.0 m | Very High Grade | Very Thick | Shallow |
| 2022-12-12 | 21.73 g/t Gold over 5.0 m from 35.0 m | Very High Grade | Thick | Shallow |
| 2022-12-12 | 1.19 g/t Gold over 2.0 m from 85.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2022-12-12 | 0.38 g/t Gold over 1.0 m from 31.0 m | Moderate Grade | Thin | Shallow |
| 2022-12-12 | 1.05 g/t Gold over 4.0 m from 134.0 m | Moderate Grade | Thick | 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.