Vatu Aurum 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
Vatu Aurum is located in Fiji, Oceania. The surrounding region has historically demonstrated a very high potential for gold endowment and is very distal to other gold properties. Physical setting (moderate elevation, moderate relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thin lithosphere with thin 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 very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-02-15 | 0.91 g/t Gold Equivalent over 13.0 m from 83.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-02-15 | 0.48 g/t Gold Equivalent over 32.0 m from 20.0 m | Moderate Grade | Very Thick | Shallow |
| 2024-02-15 | 0.74 g/t Gold Equivalent over 41.0 m from 24.0 m | Moderate Grade | Very Thick | Shallow |
| 2024-02-15 | 0.67 g/t Gold Equivalent over 33.0 m from 43.0 m | Moderate Grade | Very Thick | Shallow |
| 2024-02-15 | 1.34 g/t Gold Equivalent over 14.0 m from 0.0 m | High Grade | Very Thick | Very Shallow |
| 2024-02-15 | 1.17 g/t Gold Equivalent over 58.0 m from 28.0 m | Moderate Grade | Very Thick | Shallow |
| 2023-09-27 | 0.59 g/t Gold Equivalent over 4.0 m from 167.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-09-27 | 0.19 g/t Gold Equivalent over 1.0 m from 207.0 m | Low Grade | Thin | Moderate Depth |
| 2023-09-27 | 1.78 g/t Gold Equivalent over 10.0 m from 36.0 m | High Grade | Very Thick | Shallow |
| 2023-09-27 | 0.60 g/t Gold Equivalent over 40.0 m from 36.0 m | Moderate Grade | Very Thick | Shallow |
| 2023-09-27 | 3.78 g/t Gold Equivalent over 4.0 m from 40.0 m | High Grade | Thick | Shallow |
| 2023-09-27 | 4.17 g/t Gold Equivalent over 1.0 m from 53.0 m | High Grade | Thin | Moderate Depth |
| 2023-09-27 | 1.23 g/t Gold Equivalent over 4.0 m from 53.0 m | High Grade | Thick | Moderate Depth |
| 2023-09-27 | 1.33 g/t Gold Equivalent over 1.0 m from 74.0 m | High Grade | Thin | Moderate Depth |
| 2023-09-27 | 0.27 g/t Gold Equivalent over 6.0 m from 99.0 m | Moderate 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.