Red Mountain 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
Red Mountain 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, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under moderately thick 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 Equivalent) average moderate grade, long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-11-27 | 0.10 g/t Gold Equivalent over 8.0 m from 292.0 m | Low Grade | Very Thick | Deep |
| 2025-11-27 | 0.15 g/t Gold Equivalent over 4.0 m from 92.0 m | Low Grade | Thick | Moderate Depth |
| 2025-11-27 | 1.05 g/t Gold Equivalent over 4.0 m from 124.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-11-27 | 0.94 g/t Gold Equivalent over 8.0 m from 124.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-27 | 0.49 g/t Gold Equivalent over 16.0 m from 124.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-27 | 1.47 g/t Gold Equivalent over 4.0 m from 160.0 m | High Grade | Thick | Moderate Depth |
| 2025-11-27 | 0.44 g/t Gold Equivalent over 16.0 m from 160.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-11-27 | 0.14 g/t Gold Equivalent over 12.0 m from 212.0 m | Low Grade | Very Thick | Moderate Depth |
| 2025-11-27 | 0.12 g/t Gold Equivalent over 1.0 m from 348.0 m | Low Grade | Thin | Deep |
| 2025-11-27 | 0.20 g/t Gold Equivalent over 24.0 m from 112.0 m | Low Grade | Very Thick | Moderate Depth |
| 2025-11-27 | 0.69 g/t Gold Equivalent over 4.0 m from 362.0 m | Moderate Grade | Thick | Deep |
| 2025-11-27 | 1.21 g/t Gold Equivalent over 1.0 m from 369.0 m | High Grade | Thin | Deep |
| 2025-11-27 | 1.42 g/t Gold Equivalent over 1.0 m from 376.0 m | High Grade | Thin | Deep |
| 2025-11-27 | 2.53 g/t Gold Equivalent over 16.0 m from 383.0 m | High Grade | Very Thick | Deep |
| 2025-11-27 | 2.05 g/t Gold Equivalent over 3.0 m from 388.0 m | High Grade | Thick | Deep |
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.