Melrose/Yellow Mountain 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
Melrose/Yellow Mountain is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, very low relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under moderately thick lithosphere with very thin sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average low grade, very short, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-10-01 | 2.32 g/t Gold Equivalent over 1.0 m from 119.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.77 g/t Gold Equivalent over 1.0 m from 117.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 0.47 g/t Gold Equivalent over 1.0 m from 116.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-10-01 | 0.76 g/t Gold Equivalent over 1.0 m from 115.0 m | Moderate Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.28 g/t Gold Equivalent over 1.0 m from 114.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.30 g/t Gold Equivalent over 1.0 m from 113.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.28 g/t Gold Equivalent over 1.0 m from 112.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.89 g/t Gold Equivalent over 1.0 m from 111.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.95 g/t Gold Equivalent over 1.0 m from 110.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 3.21 g/t Gold Equivalent over 1.0 m from 109.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 2.50 g/t Gold Equivalent over 1.0 m from 108.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 1.80 g/t Gold Equivalent over 1.0 m from 107.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 2.71 g/t Gold Equivalent over 1.0 m from 106.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 2.93 g/t Gold Equivalent over 1.0 m from 105.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-01 | 3.43 g/t Gold Equivalent over 1.0 m from 104.0 m | High Grade | Thin | 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.