AZ 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
AZ is located in Canada, North America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (high elevation, very high relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under thin lithosphere with thin 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, moderate length, and deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-09-18 | 0.28 g/t Copper Equivalent over 0.7 m from 281.3 m | Moderate Grade | Thin | Deep |
| 2025-09-18 | 0.45 g/t Copper Equivalent over 2.5 m from 243.5 m | Moderate Grade | Thick | Deep |
| 2025-09-18 | 1.50 g/t Copper Equivalent over 0.5 m from 345.0 m | High Grade | Very Thin | Deep |
| 2025-09-18 | 0.46 g/t Copper Equivalent over 2.6 m from 334.5 m | Moderate Grade | Thick | Deep |
| 2025-09-18 | 0.13 g/t Copper Equivalent over 23.5 m from 325.0 m | Low Grade | Very Thick | Deep |
| 2025-09-18 | 0.04 g/t Copper Equivalent over 18.8 m from 172.0 m | Low Grade | Very Thick | Moderate Depth |
| 2025-09-18 | 0.11 g/t Copper Equivalent over 1.2 m from 4.0 m | Low Grade | Moderate Thickness | Very Shallow |
| 2025-09-18 | 0.12 g/t Copper Equivalent over 19.2 m from 54.4 m | Low Grade | Very Thick | Moderate Depth |
| 2025-09-18 | 0.48 g/t Copper Equivalent over 0.7 m from 32.0 m | Moderate Grade | Thin | Shallow |
| 2025-09-18 | 2.10 g/t Copper Equivalent over 0.9 m from 17.6 m | High Grade | Thin | Shallow |
| 2025-09-18 | 0.78 g/t Copper Equivalent over 1.5 m from 15.5 m | Moderate Grade | Moderate Thickness | Very Shallow |
| 2025-09-18 | 0.44 g/t Copper Equivalent over 14.3 m from 10.2 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-09-18 | 0.11 g/t Copper Equivalent over 9.5 m from 6.6 m | Low Grade | Very Thick | Very Shallow |
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.