Bantabaye 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
Bantabaye is located in Guinea, Africa. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, low relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under moderately thick lithosphere with moderately thick sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average high grade, short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-07-10 | 0.31 g/t Gold over 7.0 m from 119.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-07-10 | 0.54 g/t Gold over 10.0 m from 107.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-07-10 | 0.44 g/t Gold over 3.0 m from 94.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-07-10 | 0.74 g/t Gold over 1.0 m from 89.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-07-10 | 0.57 g/t Gold over 1.0 m from 85.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-07-10 | 0.33 g/t Gold over 1.0 m from 81.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-07-10 | 0.67 g/t Gold over 3.0 m from 51.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-07-10 | 0.69 g/t Gold over 3.0 m from 44.0 m | Moderate Grade | Thick | Shallow |
| 2024-07-10 | 0.92 g/t Gold over 1.0 m from 10.0 m | Moderate Grade | Thin | Very Shallow |
| 2024-07-10 | 0.67 g/t Gold over 4.0 m from 57.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-07-10 | 1.13 g/t Gold over 1.0 m from 57.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-07-10 | 1.18 g/t Gold over 1.0 m from 50.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-07-10 | 0.82 g/t Gold over 3.0 m from 49.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-07-10 | 1.10 g/t Gold over 2.0 m from 30.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2024-07-10 | 0.57 g/t Gold over 8.0 m from 26.0 m | Moderate Grade | Very Thick | Shallow |
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.