Fortuna 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
Fortuna is located in Chile, South America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (high elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thick lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average moderate grade, very short, and very shallow. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-05-14 | 0.20 g/t Copper Equivalent over 0.5 m from 7.5 m | Moderate Grade | Very Thin | Very Shallow |
| 2024-05-14 | 0.33 g/t Copper Equivalent over 1.0 m from 8.0 m | Moderate Grade | Thin | Very Shallow |
| 2024-05-14 | 0.56 g/t Copper Equivalent over 0.7 m from 9.0 m | Moderate Grade | Thin | Very Shallow |
| 2024-05-14 | 0.94 g/t Copper Equivalent over 1.0 m from 95.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-05-14 | 0.41 g/t Copper Equivalent over 1.0 m from 61.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-05-14 | 0.46 g/t Copper Equivalent over 1.0 m from 60.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-05-14 | 0.26 g/t Copper Equivalent over 2.0 m from 58.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2024-05-14 | 0.18 g/t Copper Equivalent over 1.0 m from 57.0 m | Low Grade | Thin | Moderate Depth |
| 2024-05-14 | 0.97 g/t Copper Equivalent over 1.0 m from 56.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-05-14 | 2.25 g/t Copper Equivalent over 1.0 m from 55.0 m | High Grade | Thin | Moderate Depth |
| 2024-05-14 | 0.29 g/t Copper Equivalent over 2.0 m from 47.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2024-05-14 | 0.41 g/t Copper Equivalent over 1.0 m from 46.0 m | Moderate Grade | Thin | Shallow |
| 2024-05-14 | 1.71 g/t Copper Equivalent over 1.0 m from 45.0 m | High Grade | Thin | Shallow |
| 2024-05-14 | 0.63 g/t Copper Equivalent over 1.0 m from 24.0 m | Moderate Grade | Thin | Shallow |
| 2024-05-14 | 0.33 g/t Copper Equivalent over 1.0 m from 23.0 m | Moderate Grade | Thin | 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.