This is a redacted view. Unlock the full report — including Expected NPV, Resource Potential, Economic Potential, and all charts. Unlock Full Report View example report

Elemes Property

Arras Minerals (ARK.V)
100% ownership interest
Expected NPV
—
Shown in the full report from 1,000 scenarios.
Market Cap
$50.0M
All dollar amounts in USD

Executive Summary

Locked

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

Elemes is located in Kazakhstan, Asia. The surrounding region has historically demonstrated a high potential for gold endowment and is somewhat distal 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 very thick lithosphere with moderately thick sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.

Elemes location map
Gold heat map of the world. Warm colors indicate high gold endowment. Try the interactive version here.

Drill Intercepts

Reported results (Gold Equivalent) average low grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.

Date Intercept (Gold Equivalent) Grade Length Depth
2026-01-13 0.97 g/t Gold Equivalent over 60.0 m from 187.0 m Moderate Grade Very Thick Moderate Depth
2026-01-13 0.29 g/t Gold Equivalent over 16.0 m from 467.0 m Moderate Grade Very Thick Very Deep
2026-01-13 0.11 g/t Gold Equivalent over 400.0 m from 0.0 m Low Grade Very Thick Very Shallow
2026-01-13 0.24 g/t Gold Equivalent over 55.0 m from 42.0 m Moderate Grade Very Thick Shallow
2026-01-13 0.22 g/t Gold Equivalent over 46.0 m from 238.0 m Moderate Grade Very Thick Moderate Depth
2026-01-13 0.19 g/t Gold Equivalent over 30.0 m from 370.0 m Low Grade Very Thick Deep
2026-01-13 0.13 g/t Gold Equivalent over 500.0 m from 0.0 m Low Grade Very Thick Very Shallow
2026-01-13 0.65 g/t Gold Equivalent over 29.9 m from 14.0 m Moderate Grade Very Thick Very Shallow
2026-01-13 0.54 g/t Gold Equivalent over 47.0 m from 302.0 m Moderate Grade Very Thick Deep
2026-01-13 1.02 g/t Gold Equivalent over 246.2 m from 0.8 m Moderate Grade Very Thick Very Shallow
2026-01-13 1.37 g/t Gold Equivalent over 114.0 m from 7.0 m High Grade Very Thick Very Shallow
2026-01-13 1.26 g/t Gold Equivalent over 140.0 m from 7.0 m High Grade Very Thick Very Shallow
2025-12-16 1.31 g/t Gold Equivalent over 29.0 m from 0.0 m High Grade Very Thick Very Shallow
2025-12-16 0.29 g/t Gold Equivalent over 6.0 m from 13.0 m Moderate Grade Thick Very Shallow
2025-12-16 0.19 g/t Gold Equivalent over 2.0 m from 27.0 m Low Grade Moderate Thickness Shallow
Rankings are relative to a large global database of gold intercepts.

Resource Potential

Locked

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

Locked

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

Locked

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.
Ready to see the full analysis (Expected NPV, Resource & Economic Potential, and all charts)? Unlock Full Report View example report