West Tanami 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
West Tanami is located in Australia, Oceania. The surrounding region has historically demonstrated a very low potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under moderately thick lithosphere with very thick sedimentary cover in a Early Proterozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very low grade, moderate length, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-09-12 | 0.87 g/t Gold over 12.0 m from 22.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-09-12 | 0.10 g/t Gold over 2.0 m from 96.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2025-09-12 | 0.50 g/t Gold over 10.0 m from 196.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-09-12 | 0.18 g/t Gold over 2.0 m from 98.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2025-09-12 | 0.14 g/t Gold over 2.0 m from 78.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2025-09-12 | 0.24 g/t Gold over 16.0 m from 112.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-09-12 | 0.20 g/t Gold over 6.0 m from 100.0 m | Low Grade | Thick | Moderate Depth |
| 2025-09-12 | 0.12 g/t Gold over 2.0 m from 60.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2025-09-12 | 0.31 g/t Gold over 4.0 m from 44.0 m | Moderate Grade | Thick | Shallow |
| 2025-09-12 | 0.14 g/t Gold over 2.0 m from 46.0 m | Low Grade | Moderate Thickness | Shallow |
| 2025-09-12 | 1.01 g/t Gold over 10.0 m from 24.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-09-12 | 0.11 g/t Gold over 2.0 m from 96.0 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2025-09-12 | 0.24 g/t Gold over 2.0 m from 44.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-09-12 | 0.19 g/t Gold over 2.0 m from 24.0 m | Low Grade | Moderate Thickness | Shallow |
| 2025-09-12 | 0.20 g/t Gold over 2.0 m from 66.0 m | Low 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.