Sharga 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
Sharga is located in Mongolia, Asia. The surrounding region has historically demonstrated a high potential for copper endowment and is proximal to other copper properties. Physical setting (very high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under very thick lithosphere with moderately thick sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average high grade, short, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-12-14 | 0.30 g/t Copper Equivalent over 1.2 m from 367.8 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-12-14 | 0.97 g/t Copper Equivalent over 2.5 m from 354.4 m | Moderate Grade | Thick | Deep |
| 2021-12-14 | 0.56 g/t Copper Equivalent over 1.1 m from 330.2 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-12-14 | 0.60 g/t Copper Equivalent over 1.4 m from 315.6 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-12-14 | 1.67 g/t Copper Equivalent over 1.0 m from 291.0 m | High Grade | Thin | Deep |
| 2021-12-14 | 1.69 g/t Copper Equivalent over 1.2 m from 286.8 m | High Grade | Moderate Thickness | Deep |
| 2021-12-14 | 1.83 g/t Copper Equivalent over 1.0 m from 267.0 m | High Grade | Thin | Deep |
| 2021-12-14 | 4.97 g/t Copper Equivalent over 1.0 m from 257.5 m | Very High Grade | Thin | Deep |
| 2021-12-14 | 1.27 g/t Copper Equivalent over 37.9 m from 245.4 m | High Grade | Very Thick | Deep |
| 2021-12-14 | 1.40 g/t Copper Equivalent over 1.1 m from 245.4 m | High Grade | Moderate Thickness | Deep |
| 2021-12-14 | 0.57 g/t Copper Equivalent over 2.0 m from 233.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2021-12-14 | 0.98 g/t Copper Equivalent over 1.3 m from 407.7 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-12-14 | 0.27 g/t Copper Equivalent over 1.0 m from 391.0 m | Moderate Grade | Thin | Deep |
| 2021-12-14 | 0.21 g/t Copper Equivalent over 1.0 m from 379.0 m | Moderate Grade | Thin | Deep |
| 2021-12-14 | 0.25 g/t Copper Equivalent over 1.0 m from 375.0 m | Moderate Grade | Thin | 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.