NAK 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
NAK is located in Canada, North America. The surrounding region has historically demonstrated a high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate 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 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 high grade, very long, and deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-10-07 | 0.93 g/t Copper Equivalent over 115.0 m from 319.0 m | Moderate Grade | Very Thick | Deep |
| 2025-10-07 | 0.71 g/t Copper Equivalent over 255.0 m from 212.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-07 | 0.45 g/t Copper Equivalent over 454.0 m from 13.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-10-07 | 1.95 g/t Copper Equivalent over 77.0 m from 712.0 m | High Grade | Very Thick | Very Deep |
| 2025-10-07 | 1.33 g/t Copper Equivalent over 140.0 m from 684.0 m | High Grade | Very Thick | Very Deep |
| 2025-10-07 | 0.68 g/t Copper Equivalent over 385.0 m from 439.0 m | Moderate Grade | Very Thick | Deep |
| 2025-10-07 | 0.46 g/t Copper Equivalent over 814.0 m from 10.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-10-07 | 0.39 g/t Copper Equivalent over 152.0 m from 10.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-10-07 | 1.02 g/t Copper Equivalent over 96.0 m from 781.0 m | Moderate Grade | Very Thick | Very Deep |
| 2025-10-07 | 0.74 g/t Copper Equivalent over 158.0 m from 719.0 m | Moderate Grade | Very Thick | Very Deep |
| 2025-10-07 | 0.59 g/t Copper Equivalent over 482.0 m from 395.0 m | Moderate Grade | Very Thick | Deep |
| 2025-10-07 | 0.41 g/t Copper Equivalent over 844.0 m from 33.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-10-07 | 0.19 g/t Copper Equivalent over 783.0 m from 32.0 m | Low Grade | Very Thick | Shallow |
| 2025-10-07 | 0.35 g/t Copper Equivalent over 42.0 m from 32.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-09-25 | 1.04 g/t Copper Equivalent over 73.0 m from 196.0 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.