Adeline 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
Adeline is located in Canada, North America. The surrounding region has historically demonstrated a high potential for copper endowment and is proximal to other copper properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under moderately 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 high grade, short, and moderate depth. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-12-08 | 0.80 g/t Copper Equivalent over 1.7 m from 164.8 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-12-08 | 2.95 g/t Copper Equivalent over 1.8 m from 138.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2023-12-08 | 0.66 g/t Copper Equivalent over 12.0 m from 138.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-12-08 | 0.24 g/t Copper Equivalent over 2.2 m from 157.7 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-08 | 0.14 g/t Copper Equivalent over 2.9 m from 197.7 m | Low Grade | Thick | Moderate Depth |
| 2023-12-08 | 1.17 g/t Copper Equivalent over 1.4 m from 25.6 m | Moderate Grade | Moderate Thickness | Shallow |
| 2023-12-08 | 0.14 g/t Copper Equivalent over 2.7 m from 176.5 m | Low Grade | Thick | Moderate Depth |
| 2023-12-08 | 0.39 g/t Copper Equivalent over 10.1 m from 149.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-12-08 | 0.70 g/t Copper Equivalent over 4.1 m from 155.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-08 | 0.20 g/t Copper Equivalent over 1.1 m from 191.5 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2023-12-08 | 0.12 g/t Copper Equivalent over 2.3 m from 177.7 m | Low Grade | Thick | Moderate Depth |
| 2023-12-08 | 0.35 g/t Copper Equivalent over 5.1 m from 185.2 m | Moderate Grade | Thick | Moderate Depth |
| 2023-12-08 | 0.15 g/t Copper Equivalent over 2.0 m from 203.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2023-12-08 | 0.30 g/t Copper Equivalent over 25.0 m from 165.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-12-08 | 1.03 g/t Copper Equivalent over 2.6 m from 180.9 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.