Buck Lake 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
Buck Lake is located in Canada, North America. The surrounding region has historically demonstrated a high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under very thick lithosphere with moderately thick sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average moderate grade, short, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-04-12 | 0.02 g/t Copper Equivalent over 4.7 m from 128.0 m | Low Grade | Thick | Moderate Depth |
| 2023-04-12 | 0.07 g/t Copper Equivalent over 5.9 m from 46.0 m | Low Grade | Thick | Shallow |
| 2023-04-12 | 0.21 g/t Copper Equivalent over 2.9 m from 55.5 m | Moderate Grade | Thick | Moderate Depth |
| 2023-04-12 | 0.05 g/t Copper Equivalent over 10.5 m from 16.0 m | Low Grade | Very Thick | Very Shallow |
| 2023-04-12 | 0.13 g/t Copper Equivalent over 3.3 m from 17.2 m | Low Grade | Thick | Very Shallow |
| 2023-04-12 | 0.25 g/t Copper Equivalent over 0.7 m from 19.8 m | Moderate Grade | Thin | Shallow |
| 2023-04-12 | 0.02 g/t Copper Equivalent over 0.8 m from 21.0 m | Low Grade | Thin | Shallow |
| 2023-04-12 | 0.14 g/t Copper Equivalent over 3.8 m from 21.8 m | Low Grade | Thick | Shallow |
| 2023-04-12 | 0.17 g/t Copper Equivalent over 0.8 m from 23.1 m | Low Grade | Thin | Shallow |
| 2023-04-12 | 0.10 g/t Copper Equivalent over 0.9 m from 24.8 m | Low Grade | Thin | Shallow |
| 2023-04-12 | 0.16 g/t Copper Equivalent over 1.0 m from 18.0 m | Low Grade | Thin | Shallow |
| 2023-04-12 | 0.03 g/t Copper Equivalent over 0.7 m from 72.3 m | Low Grade | Thin | Moderate Depth |
| 2023-04-12 | 0.02 g/t Copper Equivalent over 8.1 m from 128.0 m | Low Grade | Very Thick | Moderate Depth |
| 2023-04-12 | 0.03 g/t Copper Equivalent over 1.0 m from 78.0 m | Low Grade | Thin | Moderate Depth |
| 2023-04-12 | 0.05 g/t Copper Equivalent over 3.0 m from 166.0 m | Low Grade | 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.