Gairloch 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
Gairloch is located in United Kingdom, Europe. The surrounding region has historically demonstrated a very low potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, 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 high grade, very long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-10-16 | 1.38 g/t Gold Equivalent over 1.0 m from 87.0 m | High Grade | Thin | Moderate Depth |
| 2023-10-16 | 1.04 g/t Gold Equivalent over 1.0 m from 84.0 m | Moderate Grade | Thin | Moderate Depth |
| 2023-10-16 | 3.19 g/t Gold Equivalent over 34.2 m from 10.0 m | High Grade | Very Thick | Very Shallow |
| 2023-10-16 | 0.22 g/t Gold Equivalent over 3.0 m from 141.0 m | Moderate Grade | Thick | Moderate Depth |
| 2023-08-29 | 2.15 g/t Gold Equivalent over 18.0 m from 35.0 m | High Grade | Very Thick | Shallow |
| 2023-08-29 | 5.18 g/t Gold Equivalent over 31.0 m from 10.0 m | Very High Grade | Very Thick | Very Shallow |
| 2023-08-29 | 16.59 g/t Gold Equivalent over 7.0 m from 12.1 m | Very High Grade | Very Thick | Very Shallow |
| 2023-07-27 | 3.09 g/t Gold Equivalent over 33.0 m from 17.0 m | High Grade | Very Thick | Very Shallow |
| 2023-07-27 | 4.25 g/t Gold Equivalent over 19.3 m from 30.0 m | High Grade | Very Thick | Shallow |
| 2023-07-10 | 5.06 g/t Gold Equivalent over 1.7 m from 21.0 m | Very High Grade | Moderate Thickness | Shallow |
| 2023-07-10 | 3.42 g/t Gold Equivalent over 17.9 m from 4.8 m | High Grade | Very Thick | Very Shallow |
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.