Red Mountain 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
Red Mountain is located in Australia, Oceania. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under moderately 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 (Gold Equivalent) average very low grade, very short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 187.0 m | Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 142.0 m | Very Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 119.0 m | Very Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 0.4 m from 98.6 m | Low Grade | Very Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 0.3 m from 94.0 m | Low Grade | Very Thin | Moderate Depth |
| 2025-08-20 | 0.02 g/t Gold Equivalent over 0.5 m from 87.5 m | Low Grade | Very Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 74.0 m | Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 0.4 m from 62.2 m | Very Low Grade | Very Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 0.8 m from 61.0 m | Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.02 g/t Gold Equivalent over 1.0 m from 52.0 m | Low Grade | Thin | Moderate Depth |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 47.0 m | Very Low Grade | Thin | Shallow |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 37.0 m | Low Grade | Thin | Shallow |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 1.0 m from 32.0 m | Low Grade | Thin | Shallow |
| 2025-08-20 | 0.01 g/t Gold Equivalent over 0.4 m from 2.6 m | Very Low Grade | Very Thin | Very Shallow |
| 2025-08-20 | 0.02 g/t Gold Equivalent over 1.0 m from 293.0 m | Low Grade | Thin | 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.