Alvalade 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
Alvalade is located in Portugal, Europe. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (low elevation, moderate relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Unconsolidated sediments, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average moderate grade, very long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-03-03 | 1.43 g/t Gold Equivalent over 1.5 m from 325.4 m | High Grade | Moderate Thickness | Deep |
| 2025-03-03 | 1.48 g/t Gold Equivalent over 21.6 m from 502.4 m | High Grade | Very Thick | Very Deep |
| 2025-03-03 | 2.06 g/t Gold Equivalent over 28.0 m from 392.0 m | High Grade | Very Thick | Deep |
| 2025-03-03 | 1.77 g/t Gold Equivalent over 51.2 m from 436.3 m | High Grade | Very Thick | Deep |
| 2025-03-03 | 0.83 g/t Gold Equivalent over 5.0 m from 495.0 m | Moderate Grade | Thick | Very Deep |
| 2025-03-03 | 1.07 g/t Gold Equivalent over 19.2 m from 505.0 m | Moderate Grade | Very Thick | Very Deep |
| 2025-03-03 | 1.05 g/t Gold Equivalent over 8.5 m from 555.5 m | Moderate Grade | Very Thick | Very Deep |
| 2025-02-28 | 0.27 g/t Gold Equivalent over 34.0 m from 498.8 m | Moderate Grade | Very Thick | Very Deep |
| 2025-02-28 | 1.33 g/t Gold Equivalent over 141.0 m from 392.0 m | High Grade | Very Thick | Deep |
| 2025-02-28 | 4.69 g/t Gold Equivalent over 3.0 m from 402.8 m | Very High Grade | Thick | Deep |
| 2025-02-28 | 2.53 g/t Gold Equivalent over 6.6 m from 405.8 m | High Grade | Thick | Deep |
| 2025-02-28 | 1.32 g/t Gold Equivalent over 9.0 m from 510.0 m | High Grade | Very Thick | Very Deep |
| 2025-02-28 | 2.75 g/t Gold Equivalent over 9.0 m from 458.0 m | High Grade | Very Thick | Deep |
| 2025-02-28 | 1.92 g/t Gold Equivalent over 8.0 m from 442.0 m | High Grade | Very Thick | Deep |
| 2025-02-28 | 2.87 g/t Gold Equivalent over 8.0 m from 407.0 m | High Grade | Very Thick | 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.