Empress Springs JV 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
Empress Springs JV is located in Australia, Oceania. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (low elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, under thin lithosphere with moderately thick sedimentary cover in a Middle Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average low grade, moderate length, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2019-09-19 | 0.62 g/t Gold Equivalent over 2.0 m from 66.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.03 g/t Gold Equivalent over 10.0 m from 56.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-09-19 | 0.29 g/t Gold Equivalent over 2.0 m from 68.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.01 g/t Gold Equivalent over 28.0 m from 68.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-09-19 | 0.13 g/t Gold Equivalent over 4.0 m from 68.0 m | Low Grade | Thick | Moderate Depth |
| 2019-09-19 | 0.12 g/t Gold Equivalent over 2.0 m from 62.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.02 g/t Gold Equivalent over 6.0 m from 72.0 m | Low Grade | Thick | Moderate Depth |
| 2019-09-19 | 0.03 g/t Gold Equivalent over 20.0 m from 70.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-09-19 | 0.03 g/t Gold Equivalent over 2.0 m from 73.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.02 g/t Gold Equivalent over 2.0 m from 50.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.01 g/t Gold Equivalent over 2.0 m from 44.0 m | Low Grade | Moderate Thickness | Shallow |
| 2019-09-19 | 0.02 g/t Gold Equivalent over 2.0 m from 74.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2019-09-19 | 0.03 g/t Gold Equivalent over 8.0 m from 58.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-07-01 | 0.16 g/t Gold Equivalent over 1.0 m from 72.0 m | Low Grade | Thin | Moderate Depth |
| 2019-07-01 | 0.17 g/t Gold Equivalent over 1.0 m from 81.0 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.