Puolalaki 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
Puolalaki is located in Sweden, Europe. The surrounding region has historically demonstrated a high potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under very thick lithosphere with thin sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average very high grade, short, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-03-20 | 1.53 g/t Gold Equivalent over 4.4 m from 26.6 m | High Grade | Thick | Shallow |
| 2024-03-20 | 0.77 g/t Gold Equivalent over 19.4 m from 16.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2024-03-20 | 1.48 g/t Gold Equivalent over 17.1 m from 9.2 m | High Grade | Very Thick | Very Shallow |
| 2024-02-12 | 0.35 g/t Gold Equivalent over 44.0 m from 55.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-02-12 | 0.49 g/t Gold Equivalent over 11.0 m from 55.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-02-12 | 1.46 g/t Gold Equivalent over 19.0 m from 22.0 m | High Grade | Very Thick | Shallow |
| 2023-08-29 | 6.82 g/t Gold Equivalent over 1.4 m from 527.9 m | Very High Grade | Moderate Thickness | Very Deep |
| 2023-08-29 | 1.03 g/t Gold Equivalent over 3.4 m from 520.6 m | Moderate Grade | Thick | Very Deep |
| 2023-08-29 | 0.44 g/t Gold Equivalent over 4.3 m from 425.0 m | Moderate Grade | Thick | Deep |
| 2023-08-29 | 0.66 g/t Gold Equivalent over 3.4 m from 226.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-08-29 | 4.18 g/t Gold Equivalent over 0.2 m from 261.0 m | High Grade | Very Thin | Deep |
| 2023-08-29 | 1.00 g/t Gold Equivalent over 2.3 m from 342.0 m | Moderate Grade | Thick | Deep |
| 2023-08-29 | 4.13 g/t Gold Equivalent over 2.0 m from 399.0 m | High Grade | Moderate Thickness | Deep |
| 2023-08-29 | 1.08 g/t Gold Equivalent over 2.0 m from 409.0 m | Moderate Grade | Moderate Thickness | Deep |
| 2023-08-29 | 1.22 g/t Gold Equivalent over 1.5 m from 416.4 m | High Grade | Moderate Thickness | 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.