K2 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
K2 is located in Canada, North America. The surrounding region has historically demonstrated a very low potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, moderate 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 Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average low grade, long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-02-23 | 0.26 g/t Gold Equivalent over 0.8 m from 169.6 m | Moderate Grade | Thin | Moderate Depth |
| 2023-02-23 | 0.30 g/t Gold Equivalent over 0.5 m from 75.8 m | Moderate Grade | Very Thin | Moderate Depth |
| 2023-02-23 | 0.24 g/t Gold Equivalent over 0.5 m from 166.3 m | Moderate Grade | Very Thin | Moderate Depth |
| 2023-02-23 | 0.30 g/t Gold Equivalent over 0.5 m from 206.0 m | Moderate Grade | Very Thin | Moderate Depth |
| 2023-02-23 | 0.01 g/t Gold Equivalent over 39.1 m from 117.8 m | Very Low Grade | Very Thick | Moderate Depth |
| 2023-02-23 | 0.21 g/t Gold Equivalent over 0.5 m from 171.5 m | Moderate Grade | Very Thin | Moderate Depth |
| 2023-02-23 | 0.18 g/t Gold Equivalent over 35.2 m from 15.8 m | Low Grade | Very Thick | Very Shallow |
| 2023-02-23 | 0.64 g/t Gold Equivalent over 1.0 m from 27.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2023-02-23 | 0.94 g/t Gold Equivalent over 1.0 m from 48.0 m | Moderate Grade | Thin | Shallow |
| 2023-02-23 | 0.44 g/t Gold Equivalent over 0.5 m from 206.0 m | Moderate Grade | Very Thin | Moderate Depth |
| 2023-02-23 | 0.13 g/t Gold Equivalent over 28.5 m from 8.0 m | Low Grade | Very Thick | Very Shallow |
| 2023-02-23 | 0.49 g/t Gold Equivalent over 0.8 m from 19.8 m | Moderate Grade | Thin | Shallow |
| 2023-02-23 | 0.01 g/t Gold Equivalent over 18.1 m from 111.0 m | Very Low Grade | Very Thick | Moderate Depth |
| 2023-02-23 | 0.74 g/t Gold Equivalent over 0.5 m from 37.0 m | Moderate Grade | Very Thin | Shallow |
| 2023-02-23 | 0.16 g/t Gold Equivalent over 1.0 m from 74.5 m | Low Grade | Thin | 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.