Ike 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
Ike is located in Canada, North 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, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under moderately thick lithosphere with thin 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 deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-05-14 | 1.17 g/t Copper Equivalent over 42.7 m from 154.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.46 g/t Copper Equivalent over 86.0 m from 96.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 1.19 g/t Copper Equivalent over 23.2 m from 159.1 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 1.76 g/t Copper Equivalent over 13.4 m from 168.9 m | High Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.48 g/t Copper Equivalent over 62.5 m from 40.2 m | Moderate Grade | Very Thick | Shallow |
| 2025-05-14 | 1.14 g/t Copper Equivalent over 12.2 m from 90.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.81 g/t Copper Equivalent over 15.8 m from 96.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.84 g/t Copper Equivalent over 73.5 m from 141.1 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 1.86 g/t Copper Equivalent over 19.5 m from 177.7 m | High Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.42 g/t Copper Equivalent over 18.3 m from 116.1 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.57 g/t Copper Equivalent over 19.8 m from 11.9 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-05-14 | 0.34 g/t Copper Equivalent over 91.7 m from 11.9 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-05-14 | 1.01 g/t Copper Equivalent over 77.4 m from 146.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 1.60 g/t Copper Equivalent over 43.9 m from 164.6 m | High Grade | Very Thick | Moderate Depth |
| 2025-05-14 | 0.55 g/t Copper Equivalent over 22.2 m from 170.1 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.