Kerkasha-Tolegimja 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 Copper Potential
Kerkasha-Tolegimja is located in Eritrea, Africa. The surrounding region has historically demonstrated a moderate potential for copper endowment and is distal to other copper properties. Physical setting (high elevation, moderate relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under thin lithosphere with thin sedimentary cover in a Late Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average high grade, long, and very shallow. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-06-06 | 0.37 g/t Copper Equivalent over 6.0 m from 16.0 m | Moderate Grade | Thick | Very Shallow |
| 2022-06-06 | 0.93 g/t Copper Equivalent over 14.0 m from 56.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-06-06 | 0.19 g/t Copper Equivalent over 24.0 m from 0.0 m | Low Grade | Very Thick | Very Shallow |
| 2022-06-06 | 0.33 g/t Copper Equivalent over 6.0 m from 30.0 m | Moderate Grade | Thick | Shallow |
| 2022-06-06 | 0.75 g/t Copper Equivalent over 18.0 m from 41.0 m | Moderate Grade | Very Thick | Shallow |
| 2022-06-06 | 1.37 g/t Copper Equivalent over 6.0 m from 71.0 m | High Grade | Thick | Moderate Depth |
| 2022-06-06 | 0.19 g/t Copper Equivalent over 2.0 m from 18.0 m | Low Grade | Moderate Thickness | Shallow |
| 2022-06-06 | 0.14 g/t Copper Equivalent over 3.0 m from 9.0 m | Low Grade | Thick | Very Shallow |
| 2022-06-06 | 0.10 g/t Copper Equivalent over 11.0 m from 17.0 m | Low Grade | Very Thick | Very Shallow |
| 2022-06-06 | 0.88 g/t Copper Equivalent over 26.0 m from 62.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-06-06 | 1.00 g/t Copper Equivalent over 3.0 m from 91.0 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.