Kunene 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
Kunene is located in Namibia, Africa. The surrounding region has historically demonstrated a very high potential for copper endowment and is moderately proximal to other copper properties. Physical setting (high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Carbonate sedimentary rocks, under moderately thick lithosphere with moderately thick sedimentary cover in a Late Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average moderate grade, very long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2019-03-12 | 0.11 g/t Copper Equivalent over 11.0 m from 63.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.10 g/t Copper Equivalent over 13.0 m from 91.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.12 g/t Copper Equivalent over 63.0 m from 118.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.11 g/t Copper Equivalent over 10.0 m from 70.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.11 g/t Copper Equivalent over 7.0 m from 87.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.12 g/t Copper Equivalent over 9.0 m from 78.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.12 g/t Copper Equivalent over 5.0 m from 120.0 m | Low Grade | Thick | Moderate Depth |
| 2019-03-12 | 0.10 g/t Copper Equivalent over 27.0 m from 108.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.06 g/t Copper Equivalent over 20.0 m from 6.0 m | Low Grade | Very Thick | Very Shallow |
| 2019-03-12 | 0.06 g/t Copper Equivalent over 23.0 m from 39.0 m | Low Grade | Very Thick | Shallow |
| 2019-03-12 | 0.12 g/t Copper Equivalent over 5.0 m from 71.0 m | Low Grade | Thick | Moderate Depth |
| 2019-03-12 | 0.10 g/t Copper Equivalent over 44.0 m from 75.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.07 g/t Copper Equivalent over 28.0 m from 127.0 m | Low Grade | Very Thick | Moderate Depth |
| 2019-03-12 | 0.11 g/t Copper Equivalent over 15.0 m from 24.0 m | Low Grade | Very Thick | Shallow |
| 2019-03-12 | 0.10 g/t Copper Equivalent over 10.0 m from 188.0 m | Low 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.