Erongo 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
Erongo is located in Namibia, Africa. The surrounding region has historically demonstrated a high potential for copper endowment and is moderately proximal to other copper properties. Physical setting (high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under thin lithosphere with thin sedimentary cover in a Late Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average very high grade, moderate length, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-08-04 | 2.21 g/t Copper Equivalent over 1.0 m from 129.0 m | High Grade | Thin | Moderate Depth |
| 2021-08-04 | 3.03 g/t Copper Equivalent over 1.0 m from 107.0 m | High Grade | Thin | Moderate Depth |
| 2021-08-04 | 1.45 g/t Copper Equivalent over 1.0 m from 85.0 m | High Grade | Thin | Moderate Depth |
| 2021-08-04 | 3.59 g/t Copper Equivalent over 1.0 m from 79.0 m | High Grade | Thin | Moderate Depth |
| 2021-08-04 | 1.08 g/t Copper Equivalent over 1.0 m from 73.0 m | Moderate Grade | Thin | Moderate Depth |
| 2021-08-04 | 5.72 g/t Copper Equivalent over 1.0 m from 56.0 m | Very High Grade | Thin | Moderate Depth |
| 2021-08-04 | 2.63 g/t Copper Equivalent over 5.0 m from 45.0 m | High Grade | Thick | Shallow |
| 2021-08-04 | 1.48 g/t Copper Equivalent over 1.0 m from 19.0 m | High Grade | Thin | Shallow |
| 2021-08-04 | 5.44 g/t Copper Equivalent over 1.0 m from 15.0 m | Very High Grade | Thin | Very Shallow |
| 2021-08-04 | 0.64 g/t Copper Equivalent over 10.0 m from 141.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-08-04 | 0.84 g/t Copper Equivalent over 1.0 m from 102.0 m | Moderate Grade | Thin | Moderate Depth |
| 2021-08-04 | 3.61 g/t Copper Equivalent over 2.0 m from 67.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2021-08-04 | 3.49 g/t Copper Equivalent over 13.0 m from 46.0 m | High Grade | Very Thick | Shallow |
| 2021-08-04 | 1.76 g/t Copper Equivalent over 2.0 m from 38.0 m | High Grade | Moderate Thickness | Shallow |
| 2021-08-04 | 2.26 g/t Copper Equivalent over 3.0 m from 29.0 m | High Grade | Thick | Shallow |
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.