Manhattan 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
Manhattan is located in United States, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (very high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-08-25 | 0.54 g/t Gold over 7.6 m from 39.6 m | Moderate Grade | Very Thick | Shallow |
| 2025-08-25 | 1.24 g/t Gold over 92.8 m from 59.1 m | High Grade | Very Thick | Moderate Depth |
| 2025-08-25 | 2.81 g/t Gold over 3.1 m from 85.3 m | High Grade | Thick | Moderate Depth |
| 2025-08-25 | 6.42 g/t Gold over 1.5 m from 123.8 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2025-08-25 | 1.79 g/t Gold over 11.9 m from 168.4 m | High Grade | Very Thick | Moderate Depth |
| 2025-08-25 | 4.06 g/t Gold over 4.0 m from 169.9 m | High Grade | Thick | Moderate Depth |
| 2025-08-25 | 0.41 g/t Gold over 7.6 m from 194.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-25 | 1.22 g/t Gold over 8.4 m from 290.8 m | High Grade | Very Thick | Deep |
| 2025-08-25 | 1.50 g/t Gold over 25.1 m from 303.7 m | High Grade | Very Thick | Deep |
| 2025-08-25 | 3.62 g/t Gold over 9.6 m from 306.2 m | High Grade | Very Thick | Deep |
| 2025-08-25 | 0.12 g/t Gold over 11.8 m from 338.0 m | Low Grade | Very Thick | Deep |
| 2025-08-25 | 0.33 g/t Gold over 4.4 m from 354.8 m | Moderate Grade | Thick | Deep |
| 2025-08-25 | 0.24 g/t Gold over 6.1 m from 18.9 m | Moderate Grade | Thick | Shallow |
| 2025-08-25 | 0.11 g/t Gold over 7.5 m from 49.2 m | Low Grade | Very Thick | Moderate Depth |
| 2025-08-25 | 0.36 g/t Gold over 9.2 m from 100.0 m | Moderate Grade | Very Thick | 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.