El Bagre 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
El Bagre is located in Colombia, South America. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (low elevation, very high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, 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 (Gold) average very high grade, very short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-12-02 | 11.20 g/t Gold over 3.2 m from 101.7 m | Very High Grade | Thick | Moderate Depth |
| 2025-12-02 | 5.10 g/t Gold over 1.0 m from 85.5 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 98.00 g/t Gold over 0.6 m from 93.2 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 315.70 g/t Gold over 0.5 m from 92.8 m | Very High Grade | Very Thin | Moderate Depth |
| 2025-12-02 | 12.40 g/t Gold over 0.6 m from 92.2 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 25.70 g/t Gold over 0.8 m from 91.5 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 101.10 g/t Gold over 2.4 m from 91.5 m | Very High Grade | Thick | Moderate Depth |
| 2025-12-02 | 6.60 g/t Gold over 0.5 m from 89.9 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 10.20 g/t Gold over 0.5 m from 86.0 m | Very High Grade | Very Thin | Moderate Depth |
| 2025-12-02 | 1.60 g/t Gold over 1.1 m from 95.7 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-02 | 45.20 g/t Gold over 5.5 m from 88.3 m | Very High Grade | Thick | Moderate Depth |
| 2025-12-02 | 1.20 g/t Gold over 1.0 m from 207.7 m | Moderate Grade | Thin | Moderate Depth |
| 2025-12-02 | 54.30 g/t Gold over 0.5 m from 104.3 m | Very High Grade | Thin | Moderate Depth |
| 2025-12-02 | 2.60 g/t Gold over 1.6 m from 196.8 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-02 | 1.10 g/t Gold over 1.0 m from 221.2 m | Moderate Grade | Thin | Moderate Depth |
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.