Zeleznik 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
Zeleznik is located in Serbia, Europe. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Basin tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average high grade, very long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2018-02-28 | 2.45 g/t Copper Equivalent over 4.1 m from 63.0 m | High Grade | Thick | Moderate Depth |
| 2018-02-28 | 2.96 g/t Copper Equivalent over 1.2 m from 173.3 m | High Grade | Moderate Thickness | Moderate Depth |
| 2018-02-28 | 0.49 g/t Copper Equivalent over 2.0 m from 213.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2018-02-28 | 0.45 g/t Copper Equivalent over 3.0 m from 228.0 m | Moderate Grade | Thick | Moderate Depth |
| 2018-02-28 | 0.21 g/t Copper Equivalent over 18.0 m from 40.0 m | Moderate Grade | Very Thick | Shallow |
| 2018-02-28 | 0.29 g/t Copper Equivalent over 2.7 m from 46.0 m | Moderate Grade | Thick | Shallow |
| 2018-02-28 | 0.26 g/t Copper Equivalent over 4.7 m from 52.0 m | Moderate Grade | Thick | Moderate Depth |
| 2018-02-28 | 0.17 g/t Copper Equivalent over 117.6 m from 185.0 m | Low Grade | Very Thick | Moderate Depth |
| 2018-02-28 | 0.27 g/t Copper Equivalent over 10.0 m from 243.0 m | Moderate Grade | Very Thick | Deep |
| 2018-02-28 | 0.26 g/t Copper Equivalent over 8.8 m from 279.2 m | Moderate Grade | Very Thick | Deep |
| 2018-02-28 | 0.66 g/t Copper Equivalent over 35.0 m from 46.0 m | Moderate Grade | Very Thick | Shallow |
| 2018-02-28 | 1.53 g/t Copper Equivalent over 10.0 m from 61.0 m | High Grade | Very Thick | Moderate Depth |
| 2018-02-28 | 0.56 g/t Copper Equivalent over 7.8 m from 170.2 m | Moderate Grade | Very Thick | Moderate Depth |
| 2018-02-28 | 1.14 g/t Copper Equivalent over 4.4 m from 97.0 m | Moderate Grade | Thick | Moderate Depth |
| 2018-02-28 | 1.06 g/t Copper Equivalent over 1.5 m from 172.5 m | Moderate Grade | Moderate Thickness | 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.