Cangallo 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
Cangallo is located in Peru, 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 (very high elevation, very high 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 (Copper Equivalent) average moderate grade, very long, and moderate depth. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-08-28 | 0.39 g/t Copper Equivalent over 58.0 m from 32.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-08-28 | 0.41 g/t Copper Equivalent over 52.0 m from 36.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-08-28 | 0.27 g/t Copper Equivalent over 150.0 m from 276.0 m | Moderate Grade | Very Thick | Deep |
| 2025-08-28 | 0.26 g/t Copper Equivalent over 192.0 m from 192.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.56 g/t Copper Equivalent over 16.0 m from 76.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.22 g/t Copper Equivalent over 156.0 m from 2.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-08-28 | 0.35 g/t Copper Equivalent over 34.0 m from 196.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.42 g/t Copper Equivalent over 16.0 m from 154.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.25 g/t Copper Equivalent over 314.0 m from 106.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.22 g/t Copper Equivalent over 84.0 m from 12.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-08-28 | 0.22 g/t Copper Equivalent over 42.0 m from 14.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-08-28 | 0.42 g/t Copper Equivalent over 12.0 m from 312.0 m | Moderate Grade | Very Thick | Deep |
| 2025-08-28 | 0.45 g/t Copper Equivalent over 16.0 m from 218.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.47 g/t Copper Equivalent over 142.0 m from 110.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-08-28 | 0.29 g/t Copper Equivalent over 80.0 m from 174.0 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.