West Tanami 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
West Tanami is located in Australia, Oceania. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under moderately thick lithosphere with moderately thick sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average very low grade, short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-03-21 | 0.01 g/t Gold Equivalent over 0.8 m from 115.5 m | Very Low Grade | Thin | Moderate Depth |
| 2023-03-21 | 0.01 g/t Gold Equivalent over 2.0 m from 304.5 m | Low Grade | Moderate Thickness | Deep |
| 2023-03-21 | 0.01 g/t Gold Equivalent over 3.2 m from 431.8 m | Very Low Grade | Thick | Deep |
| 2023-03-21 | 0.01 g/t Gold Equivalent over 1.7 m from 538.3 m | Low Grade | Moderate Thickness | Very Deep |
| 2023-03-21 | 0.01 g/t Gold Equivalent over 0.4 m from 611.2 m | Low Grade | Very Thin | Very Deep |
| 2023-03-21 | 0.01 g/t Gold Equivalent over 1.7 m from 628.3 m | Low Grade | Moderate Thickness | Very Deep |
| 2023-03-21 | 0.05 g/t Gold Equivalent over 0.4 m from 746.6 m | Low Grade | Very Thin | Very Deep |
| 2023-03-21 | 0.05 g/t Gold Equivalent over 0.7 m from 748.2 m | Low Grade | Thin | Very Deep |
| 2023-03-21 | 0.02 g/t Gold Equivalent over 0.5 m from 790.9 m | Low Grade | Very Thin | Very Deep |
| 2023-03-21 | 0.07 g/t Gold Equivalent over 4.2 m from 839.0 m | Low Grade | Thick | Very Deep |
| 2023-03-21 | 0.25 g/t Gold Equivalent over 0.6 m from 840.8 m | Moderate Grade | Thin | Very Deep |
| 2022-12-01 | 0.04 g/t Gold Equivalent over 8.0 m from 80.0 m | Low Grade | Very Thick | Moderate Depth |
| 2022-12-01 | 0.03 g/t Gold Equivalent over 4.0 m from 28.0 m | Low Grade | Thick | Shallow |
| 2022-12-01 | 0.04 g/t Gold Equivalent over 12.0 m from 20.0 m | Low Grade | Very Thick | Shallow |
| 2022-12-01 | 0.02 g/t Gold Equivalent over 4.0 m from 12.0 m | Low Grade | 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.