Majuba Hill 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
Majuba Hill is located in United States, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (high elevation, high relief, dry 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 Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average low grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-05-22 | 4.18 g/t Gold Equivalent over 3.1 m from 245.4 m | High Grade | Thick | Deep |
| 2025-05-22 | 0.25 g/t Gold Equivalent over 271.1 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-05-22 | 1.16 g/t Gold Equivalent over 25.9 m from 155.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-22 | 0.49 g/t Gold Equivalent over 115.7 m from 155.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-22 | 0.47 g/t Gold Equivalent over 51.7 m from 219.4 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-22 | 1.33 g/t Gold Equivalent over 12.2 m from 237.7 m | High Grade | Very Thick | Moderate Depth |
| 2024-09-24 | 2.73 g/t Gold Equivalent over 22.5 m from 42.7 m | High Grade | Very Thick | Shallow |
| 2024-09-24 | 2.19 g/t Gold Equivalent over 66.4 m from 0.0 m | High Grade | Very Thick | Very Shallow |
| 2023-01-23 | 0.05 g/t Gold Equivalent over 6.1 m from 170.7 m | Low Grade | Thick | Moderate Depth |
| 2023-01-23 | 0.05 g/t Gold Equivalent over 21.6 m from 515.7 m | Low Grade | Very Thick | Very Deep |
| 2023-01-23 | 0.15 g/t Gold Equivalent over 198.7 m from 181.3 m | Low Grade | Very Thick | Moderate Depth |
| 2023-01-23 | 0.05 g/t Gold Equivalent over 10.7 m from 384.6 m | Low Grade | Very Thick | Deep |
| 2023-01-23 | 0.05 g/t Gold Equivalent over 8.5 m from 396.8 m | Low Grade | Very Thick | Deep |
| 2023-01-23 | 0.07 g/t Gold Equivalent over 58.5 m from 408.4 m | Low Grade | Very Thick | Deep |
| 2023-01-23 | 0.07 g/t Gold Equivalent over 32.0 m from 470.0 m | Low Grade | Very Thick | Very 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.