Pearl 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
Pearl is located in United States, North America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very 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 Basic volcanic rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Extended Crust 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 shallow. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-07-03 | 0.25 g/t Copper Equivalent over 3.7 m from 43.9 m | Moderate Grade | Thick | Shallow |
| 2025-07-03 | 0.47 g/t Copper Equivalent over 1.2 m from 45.1 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-07-03 | 1.38 g/t Copper Equivalent over 2.4 m from 41.5 m | High Grade | Thick | Shallow |
| 2025-07-03 | 1.38 g/t Copper Equivalent over 2.4 m from 41.5 m | High Grade | Thick | Shallow |
| 2025-07-03 | 0.86 g/t Copper Equivalent over 7.3 m from 39.1 m | Moderate Grade | Very Thick | Shallow |
| 2025-07-03 | 0.77 g/t Copper Equivalent over 7.3 m from 39.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-07-03 | 0.49 g/t Copper Equivalent over 59.7 m from 26.8 m | Moderate Grade | Very Thick | Shallow |
| 2025-07-03 | 0.48 g/t Copper Equivalent over 7.3 m from 65.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-07-03 | 0.50 g/t Copper Equivalent over 7.9 m from 67.7 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-07-03 | 0.17 g/t Copper Equivalent over 19.5 m from 56.1 m | Low Grade | Very Thick | Moderate Depth |
| 2025-07-03 | 1.34 g/t Copper Equivalent over 2.4 m from 47.5 m | High Grade | Thick | Shallow |
| 2025-07-03 | 1.64 g/t Copper Equivalent over 2.4 m from 65.8 m | High Grade | Thick | Moderate Depth |
| 2025-07-03 | 2.77 g/t Copper Equivalent over 3.7 m from 36.6 m | High Grade | Thick | Shallow |
| 2025-07-03 | 4.14 g/t Copper Equivalent over 1.2 m from 43.9 m | High Grade | Moderate Thickness | Shallow |
| 2025-07-03 | 2.23 g/t Copper Equivalent over 3.7 m from 41.5 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.