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
$63.7M
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
2025-11-04 0.42 g/t Gold Equivalent over 8.0 m from 644.0 m Moderate Grade Very Thick Very Deep
2025-11-04 0.33 g/t Gold Equivalent over 129.0 m from 475.0 m Moderate Grade Very Thick Very Deep
2025-11-04 0.27 g/t Gold Equivalent over 313.9 m from 358.1 m Moderate Grade Very Thick Deep
2025-11-04 0.35 g/t Gold Equivalent over 55.9 m from 358.1 m Moderate Grade Very Thick Deep
2025-11-04 0.25 g/t Gold Equivalent over 8.0 m from 237.0 m Moderate Grade Very Thick Moderate Depth
2025-11-04 0.16 g/t Gold Equivalent over 771.5 m from 0.0 m Low Grade Very Thick Very Shallow
2025-11-04 0.52 g/t Gold Equivalent over 9.4 m from 564.6 m Moderate Grade Very Thick Very Deep
2025-11-04 0.54 g/t Gold Equivalent over 48.0 m from 104.0 m Moderate Grade Very Thick Moderate Depth
2025-11-04 0.48 g/t Gold Equivalent over 76.0 m from 76.0 m Moderate Grade Very Thick Moderate Depth
2025-11-04 0.34 g/t Gold Equivalent over 192.0 m from 52.0 m Moderate Grade Very Thick Moderate Depth
2025-11-04 0.44 g/t Gold Equivalent over 104.0 m from 52.0 m Moderate Grade Very Thick Moderate Depth
2025-11-04 0.16 g/t Gold Equivalent over 10.0 m from 260.0 m Low Grade Very Thick Deep
2025-10-08 0.11 g/t Gold Equivalent over 10.0 m from 161.0 m Low Grade Very Thick Moderate Depth
2025-10-08 0.62 g/t Gold Equivalent over 9.5 m from 193.0 m Moderate Grade Very Thick Moderate Depth
2025-10-08 0.18 g/t Gold Equivalent over 12.5 m from 238.0 m Low Grade Very Thick Moderate Depth
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