Al Hariqah 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
Al Hariqah is located in Yemen, Asia. The surrounding region has historically demonstrated a high potential for gold endowment and is distal to other gold properties. Physical setting (very high elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Carbonate sedimentary rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Basin tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average high grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2014-03-11 | 1.04 g/t Gold over 8.0 m from 122.6 m | Moderate Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 1.21 g/t Gold over 5.0 m from 153.8 m | High Grade | Thick | Moderate Depth |
| 2014-03-11 | 1.19 g/t Gold over 23.0 m from 95.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 7.38 g/t Gold over 6.0 m from 134.0 m | Very High Grade | Thick | Moderate Depth |
| 2014-03-11 | 1.20 g/t Gold over 5.0 m from 135.0 m | Moderate Grade | Thick | Moderate Depth |
| 2014-03-11 | 1.46 g/t Gold over 8.0 m from 52.2 m | High Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 1.88 g/t Gold over 5.0 m from 67.2 m | High Grade | Thick | Moderate Depth |
| 2014-03-11 | 0.65 g/t Gold over 15.0 m from 101.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 58.30 g/t Gold over 1.0 m from 136.8 m | Very High Grade | Thin | Moderate Depth |
| 2014-03-11 | 3.15 g/t Gold over 14.0 m from 53.0 m | High Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 1.62 g/t Gold over 16.0 m from 54.0 m | High Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 0.92 g/t Gold over 6.0 m from 50.9 m | Moderate Grade | Thick | Moderate Depth |
| 2014-03-11 | 1.32 g/t Gold over 5.0 m from 70.9 m | High Grade | Thick | Moderate Depth |
| 2014-03-11 | 1.70 g/t Gold over 8.0 m from 59.0 m | High Grade | Very Thick | Moderate Depth |
| 2014-03-11 | 0.86 g/t Gold over 4.0 m from 110.0 m | Moderate Grade | 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.