Flat 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
Flat is located in United States, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (low elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, 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 moderate grade, very long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-11-24 | 1.06 g/t Gold over 12.2 m from 105.2 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-24 | 0.73 g/t Gold over 11.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-11-24 | 1.27 g/t Gold over 19.0 m from 97.0 m | High Grade | Very Thick | Moderate Depth |
| 2025-11-24 | 5.63 g/t Gold over 1.0 m from 6.0 m | Very High Grade | Thin | Very Shallow |
| 2025-11-24 | 0.92 g/t Gold over 36.0 m from 34.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-11-24 | 2.99 g/t Gold over 5.4 m from 37.0 m | High Grade | Thick | Shallow |
| 2025-11-24 | 1.08 g/t Gold over 10.0 m from 51.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-24 | 1.96 g/t Gold over 9.0 m from 37.0 m | High Grade | Very Thick | Shallow |
| 2025-11-24 | 3.03 g/t Gold over 2.0 m from 51.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-24 | 0.54 g/t Gold over 93.7 m from 31.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-11-24 | 0.84 g/t Gold over 38.0 m from 78.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-24 | 1.07 g/t Gold over 7.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-11-24 | 0.33 g/t Gold over 27.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-11-24 | 1.10 g/t Gold over 34.0 m from 49.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-24 | 0.58 g/t Gold over 7.0 m from 4.0 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.