Borsko Jezero 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
Borsko Jezero is located in Serbia, Europe. 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, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, under very thin 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 (Gold Equivalent) average low grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2017-12-18 | 1.92 g/t Gold Equivalent over 8.0 m from 535.0 m | High Grade | Very Thick | Very Deep |
| 2017-12-18 | 1.12 g/t Gold Equivalent over 15.0 m from 785.0 m | Moderate Grade | Very Thick | Very Deep |
| 2017-12-18 | 2.26 g/t Gold Equivalent over 4.0 m from 793.0 m | High Grade | Thick | Very Deep |
| 2017-12-18 | 0.83 g/t Gold Equivalent over 31.2 m from 532.8 m | Moderate Grade | Very Thick | Very Deep |
| 2017-06-07 | 0.22 g/t Gold Equivalent over 8.6 m from 758.4 m | Moderate Grade | Very Thick | Very Deep |
| 2017-06-07 | 1.03 g/t Gold Equivalent over 1.4 m from 607.6 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2017-06-07 | 0.94 g/t Gold Equivalent over 0.6 m from 764.6 m | Moderate Grade | Thin | Very Deep |
| 2017-06-07 | 0.17 g/t Gold Equivalent over 4.4 m from 734.0 m | Low Grade | Thick | Very Deep |
| 2017-06-07 | 0.46 g/t Gold Equivalent over 1.4 m from 768.3 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2017-06-07 | 0.25 g/t Gold Equivalent over 3.1 m from 771.9 m | Moderate Grade | Thick | Very Deep |
| 2017-06-07 | 0.56 g/t Gold Equivalent over 2.5 m from 873.0 m | Moderate Grade | Thick | Very Deep |
| 2017-06-07 | 1.26 g/t Gold Equivalent over 0.4 m from 875.1 m | High Grade | Very Thin | Very Deep |
| 2017-06-07 | 0.18 g/t Gold Equivalent over 3.0 m from 989.5 m | Low Grade | Thick | Very Deep |
| 2017-06-07 | 0.16 g/t Gold Equivalent over 7.8 m from 1,006.0 m | Low Grade | Very Thick | Very Deep |
| 2017-06-07 | 0.56 g/t Gold Equivalent over 3.4 m from 1,032.0 m | Moderate Grade | 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.