Lachlan 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
Lachlan is located in Australia, Oceania. The surrounding region has historically demonstrated a moderate potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate 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) average low grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-09-15 | 0.24 g/t Gold over 32.0 m from 6.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-09-15 | 0.23 g/t Gold over 3.0 m from 12.0 m | Moderate Grade | Thick | Very Shallow |
| 2025-09-15 | 0.28 g/t Gold over 9.0 m from 8.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-09-15 | 0.27 g/t Gold over 4.0 m from 16.0 m | Moderate Grade | Thick | Very Shallow |
| 2025-09-15 | 0.27 g/t Gold over 16.0 m from 4.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-09-15 | 0.22 g/t Gold over 2.0 m from 36.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-09-15 | 1.29 g/t Gold over 4.0 m from 138.0 m | High Grade | Thick | Moderate Depth |
| 2025-09-15 | 0.86 g/t Gold over 14.0 m from 134.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-09-15 | 0.58 g/t Gold over 24.0 m from 124.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-09-15 | 0.23 g/t Gold over 6.0 m from 102.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-09-15 | 0.47 g/t Gold over 4.0 m from 22.0 m | Moderate Grade | Thick | Shallow |
| 2025-09-15 | 0.34 g/t Gold over 2.0 m from 174.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-09-15 | 0.75 g/t Gold over 4.0 m from 62.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-09-15 | 0.85 g/t Gold over 8.0 m from 28.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-09-15 | 0.44 g/t Gold over 42.0 m from 4.0 m | Moderate 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.