Normetal 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
Normetal is located in Canada, North America. The surrounding region has historically demonstrated a moderate potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under thin lithosphere with thin sedimentary cover in a Middle Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average very high grade, short, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-03-15 | 5.14 g/t Copper Equivalent over 2.5 m from 797.7 m | Very High Grade | Thick | Very Deep |
| 2023-03-15 | 0.62 g/t Copper Equivalent over 7.4 m from 686.6 m | Moderate Grade | Very Thick | Very Deep |
| 2023-03-15 | 2.23 g/t Copper Equivalent over 9.8 m from 796.0 m | High Grade | Very Thick | Very Deep |
| 2023-03-15 | 4.59 g/t Copper Equivalent over 0.6 m from 587.4 m | Very High Grade | Thin | Very Deep |
| 2023-03-15 | 2.67 g/t Copper Equivalent over 5.2 m from 586.9 m | High Grade | Thick | Very Deep |
| 2023-03-15 | 5.15 g/t Copper Equivalent over 3.6 m from 586.9 m | Very High Grade | Thick | Very Deep |
| 2023-03-15 | 0.40 g/t Copper Equivalent over 7.4 m from 652.6 m | Moderate Grade | Very Thick | Very Deep |
| 2022-06-20 | 6.34 g/t Copper Equivalent over 2.2 m from 738.8 m | Very High Grade | Thick | Very Deep |
| 2022-06-20 | 6.44 g/t Copper Equivalent over 1.9 m from 650.1 m | Very High Grade | Moderate Thickness | Very Deep |
| 2022-06-20 | 2.19 g/t Copper Equivalent over 7.1 m from 646.7 m | High Grade | Very Thick | Very Deep |
| 2022-06-20 | 0.39 g/t Copper Equivalent over 2.7 m from 772.5 m | Moderate Grade | Thick | Very Deep |
| 2022-06-20 | 1.51 g/t Copper Equivalent over 1.9 m from 535.0 m | High Grade | Moderate Thickness | Very Deep |
| 2022-06-20 | 3.02 g/t Copper Equivalent over 1.9 m from 481.7 m | High Grade | Moderate Thickness | Very Deep |
| 2022-06-20 | 0.52 g/t Copper Equivalent over 2.9 m from 742.6 m | Moderate Grade | Thick | Very Deep |
| 2022-06-20 | 5.16 g/t Copper Equivalent over 1.6 m from 690.7 m | Very High Grade | Moderate Thickness | Very Deep |
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.