Philadelphia 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
Philadelphia is located in United States, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, 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 (Gold Equivalent) average high grade, very long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-08-06 | 5.91 g/t Gold Equivalent over 1.5 m from 293.3 m | Very High Grade | Moderate Thickness | Deep |
| 2025-08-06 | 2.59 g/t Gold Equivalent over 39.2 m from 263.8 m | High Grade | Very Thick | Deep |
| 2025-08-06 | 4.37 g/t Gold Equivalent over 22.2 m from 278.7 m | High Grade | Very Thick | Deep |
| 2025-08-06 | 14.67 g/t Gold Equivalent over 1.5 m from 291.8 m | Very High Grade | Moderate Thickness | Deep |
| 2025-08-06 | 10.11 g/t Gold Equivalent over 1.0 m from 284.8 m | Very High Grade | Thin | Deep |
| 2025-08-06 | 5.95 g/t Gold Equivalent over 1.8 m from 279.9 m | Very High Grade | Moderate Thickness | Deep |
| 2025-07-09 | 3.11 g/t Gold Equivalent over 22.6 m from 229.4 m | High Grade | Very Thick | Moderate Depth |
| 2025-07-09 | 11.57 g/t Gold Equivalent over 1.7 m from 230.6 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2025-07-09 | 6.53 g/t Gold Equivalent over 3.7 m from 248.3 m | Very High Grade | Thick | Deep |
| 2025-04-07 | 1.64 g/t Gold Equivalent over 41.9 m from 141.0 m | High Grade | Very Thick | Moderate Depth |
| 2025-04-07 | 9.31 g/t Gold Equivalent over 4.9 m from 171.2 m | Very High Grade | Thick | Moderate Depth |
| 2025-04-07 | 6.49 g/t Gold Equivalent over 9.2 m from 168.1 m | Very High Grade | Very Thick | Moderate Depth |
| 2025-04-07 | 2.65 g/t Gold Equivalent over 25.9 m from 157.0 m | High Grade | Very Thick | Moderate Depth |
| 2025-03-19 | 0.84 g/t Gold Equivalent over 63.9 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-03-19 | 1.05 g/t Gold Equivalent over 57.9 m from 0.0 m | Moderate Grade | Very Thick | Very 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.