Ilo Norte 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
Ilo Norte is located in Peru, South 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, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, under very thin lithosphere with moderately thick 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 moderate grade, long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2015-02-03 | 0.22 g/t Copper Equivalent over 88.0 m from 384.0 m | Moderate Grade | Very Thick | Deep |
| 2015-02-03 | 0.35 g/t Copper Equivalent over 4.0 m from 360.0 m | Moderate Grade | Thick | Deep |
| 2015-02-03 | 0.47 g/t Copper Equivalent over 8.0 m from 334.0 m | Moderate Grade | Very Thick | Deep |
| 2015-02-03 | 0.22 g/t Copper Equivalent over 6.0 m from 316.0 m | Moderate Grade | Thick | Deep |
| 2015-02-03 | 0.24 g/t Copper Equivalent over 4.0 m from 306.0 m | Moderate Grade | Thick | Deep |
| 2015-02-03 | 0.22 g/t Copper Equivalent over 6.0 m from 292.0 m | Moderate Grade | Thick | Deep |
| 2015-02-03 | 0.31 g/t Copper Equivalent over 96.0 m from 188.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2015-02-03 | 0.38 g/t Copper Equivalent over 94.0 m from 84.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2015-02-03 | 0.24 g/t Copper Equivalent over 58.0 m from 6.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2015-02-03 | 0.26 g/t Copper Equivalent over 472.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2014-10-23 | 0.11 g/t Copper Equivalent over 18.0 m from 381.0 m | Low Grade | Very Thick | Deep |
| 2014-10-23 | 0.15 g/t Copper Equivalent over 30.0 m from 282.0 m | Low Grade | Very Thick | Deep |
| 2014-10-23 | 0.30 g/t Copper Equivalent over 6.0 m from 423.0 m | Moderate Grade | Thick | Deep |
| 2014-10-23 | 0.39 g/t Copper Equivalent over 3.0 m from 426.0 m | Moderate Grade | Thick | Deep |
| 2014-10-23 | 0.23 g/t Copper Equivalent over 3.0 m from 255.0 m | Moderate Grade | Thick | Deep |
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.