Lapon 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
Lapon is located in United States, North America. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (very high elevation, high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under thin lithosphere with thin sedimentary cover in a Meso- and Cenozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, very long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-10-06 | 0.28 g/t Gold over 18.2 m from 3.1 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-10-06 | 3.93 g/t Gold over 13.7 m from 100.6 m | High Grade | Very Thick | Moderate Depth |
| 2025-10-06 | 0.36 g/t Gold over 64.0 m from 44.2 m | Moderate Grade | Very Thick | Shallow |
| 2025-10-06 | 1.11 g/t Gold over 3.1 m from 134.1 m | Moderate Grade | Thick | Moderate Depth |
| 2025-10-06 | 0.63 g/t Gold over 18.3 m from 134.1 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-06 | 1.34 g/t Gold over 1.5 m from 150.8 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-10-06 | 0.27 g/t Gold over 21.4 m from 83.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-06 | 1.02 g/t Gold over 77.8 m from 47.2 m | Moderate Grade | Very Thick | Shallow |
| 2025-10-06 | 1.65 g/t Gold over 42.7 m from 71.6 m | High Grade | Very Thick | Moderate Depth |
| 2025-10-06 | 13.42 g/t Gold over 3.0 m from 100.6 m | Very High Grade | Thick | Moderate Depth |
| 2025-10-06 | 0.66 g/t Gold over 97.5 m from 35.1 m | Moderate Grade | Very Thick | Shallow |
| 2025-10-06 | 0.31 g/t Gold over 13.7 m from 4.6 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-10-06 | 1.17 g/t Gold over 25.9 m from 64.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-06 | 1.28 g/t Gold over 4.6 m from 65.5 m | High Grade | Thick | Moderate Depth |
| 2025-10-06 | 2.01 g/t Gold over 9.2 m from 79.2 m | High 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.