Cerro de Fierro 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
Cerro de Fierro is located in Peru, South America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (very high elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under moderately thick 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 (Copper Equivalent) average moderate grade, long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-07-18 | 0.22 g/t Copper Equivalent over 28.0 m from 104.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-07-18 | 0.44 g/t Copper Equivalent over 10.0 m from 266.0 m | Moderate Grade | Very Thick | Deep |
| 2024-07-18 | 0.41 g/t Copper Equivalent over 12.0 m from 124.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-07-18 | 0.25 g/t Copper Equivalent over 32.0 m from 216.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-04-27 | 0.19 g/t Copper Equivalent over 38.0 m from 206.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-04-27 | 0.36 g/t Copper Equivalent over 12.0 m from 228.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-04-27 | 0.58 g/t Copper Equivalent over 30.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2021-04-27 | 0.69 g/t Copper Equivalent over 28.0 m from 44.0 m | Moderate Grade | Very Thick | Shallow |
| 2021-04-27 | 0.14 g/t Copper Equivalent over 18.0 m from 18.0 m | Low Grade | Very Thick | Shallow |
| 2021-04-27 | 0.30 g/t Copper Equivalent over 20.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2018-12-19 | 0.71 g/t Copper Equivalent over 21.0 m from 69.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2018-12-19 | 0.58 g/t Copper Equivalent over 32.0 m from 93.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2018-12-19 | 0.17 g/t Copper Equivalent over 6.0 m from 378.0 m | Low Grade | Thick | Deep |
| 2018-12-19 | 0.19 g/t Copper Equivalent over 10.0 m from 272.0 m | Low Grade | Very Thick | Deep |
| 2018-12-19 | 0.75 g/t Copper Equivalent over 28.0 m from 130.0 m | Moderate Grade | Very Thick | Moderate Depth |
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.