Janice 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
Janice 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, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under moderately thick lithosphere with thin sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average moderate grade, long, and moderate depth. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-11-26 | 0.65 g/t Copper Equivalent over 14.0 m from 265.0 m | Moderate Grade | Very Thick | Deep |
| 2021-11-26 | 0.04 g/t Copper Equivalent over 6.0 m from 294.0 m | Low Grade | Thick | Deep |
| 2021-11-26 | 0.13 g/t Copper Equivalent over 2.6 m from 155.0 m | Low Grade | Thick | Moderate Depth |
| 2021-11-26 | 0.31 g/t Copper Equivalent over 39.0 m from 172.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.14 g/t Copper Equivalent over 2.0 m from 10.2 m | Low Grade | Moderate Thickness | Very Shallow |
| 2021-11-26 | 0.04 g/t Copper Equivalent over 1.1 m from 271.9 m | Low Grade | Moderate Thickness | Deep |
| 2021-11-26 | 0.25 g/t Copper Equivalent over 7.5 m from 89.9 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.09 g/t Copper Equivalent over 25.1 m from 89.9 m | Low Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.05 g/t Copper Equivalent over 41.1 m from 89.9 m | Low Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.08 g/t Copper Equivalent over 17.4 m from 92.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.07 g/t Copper Equivalent over 8.0 m from 235.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.09 g/t Copper Equivalent over 22.0 m from 235.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.25 g/t Copper Equivalent over 44.0 m from 235.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-11-26 | 0.14 g/t Copper Equivalent over 10.0 m from 247.0 m | Low Grade | Very Thick | Deep |
| 2021-11-26 | 1.32 g/t Copper Equivalent over 6.0 m from 273.0 m | High Grade | 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.