Christmas Creek 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
Christmas Creek is located in Australia, Oceania. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, low relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under thin lithosphere with thick sedimentary cover in a Meso- and Cenozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average low grade, long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-10-21 | 0.19 g/t Gold over 20.0 m from 36.0 m | Low Grade | Very Thick | Shallow |
| 2025-10-21 | 0.35 g/t Gold over 3.0 m from 48.0 m | Moderate Grade | Thick | Shallow |
| 2025-10-21 | 2.97 g/t Gold over 1.0 m from 127.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-21 | 0.46 g/t Gold over 4.0 m from 116.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-10-21 | 0.41 g/t Gold over 11.0 m from 99.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-21 | 0.26 g/t Gold over 27.0 m from 87.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-21 | 0.26 g/t Gold over 8.0 m from 64.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-10-21 | 1.54 g/t Gold over 1.0 m from 56.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-21 | 1.35 g/t Gold over 1.0 m from 55.0 m | High Grade | Thin | Moderate Depth |
| 2025-10-21 | 0.29 g/t Gold over 4.0 m from 144.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-10-21 | 0.90 g/t Gold over 4.0 m from 36.0 m | Moderate Grade | Thick | Shallow |
| 2025-10-21 | 0.55 g/t Gold over 4.0 m from 32.0 m | Moderate Grade | Thick | Shallow |
| 2025-10-21 | 0.47 g/t Gold over 12.0 m from 32.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-10-21 | 0.67 g/t Gold over 4.0 m from 28.0 m | Moderate Grade | Thick | Shallow |
| 2025-10-21 | 0.27 g/t Gold over 12.0 m from 16.0 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.