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 high grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-12-15 | 0.54 g/t Gold Equivalent over 4.0 m from 116.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-12-15 | 0.17 g/t Gold Equivalent over 28.0 m from 116.0 m | Low Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 0.69 g/t Gold Equivalent over 1.0 m from 108.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-12-15 | 1.05 g/t Gold Equivalent over 4.0 m from 136.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-12-15 | 0.14 g/t Gold Equivalent over 4.0 m from 264.0 m | Low Grade | Thick | Deep |
| 2025-12-15 | 0.06 g/t Gold Equivalent over 8.0 m from 95.0 m | Low Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 1.25 g/t Gold Equivalent over 1.0 m from 140.0 m | High Grade | Thin | Moderate Depth |
| 2025-12-15 | 0.21 g/t Gold Equivalent over 9.0 m from 140.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 0.22 g/t Gold Equivalent over 9.0 m from 173.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 1.03 g/t Gold Equivalent over 1.0 m from 181.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-12-15 | 0.28 g/t Gold Equivalent over 99.0 m from 200.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 0.79 g/t Gold Equivalent over 1.0 m from 203.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-12-15 | 0.97 g/t Gold Equivalent over 4.0 m from 207.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-12-15 | 1.65 g/t Gold Equivalent over 2.0 m from 209.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-15 | 0.56 g/t Gold Equivalent over 1.0 m from 216.0 m | Moderate Grade | Thin | 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.