Island 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
Island is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for gold endowment and is very proximal to other gold properties. Physical setting (moderate elevation, low relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under thin lithosphere with very thin sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average very high grade, short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-11-12 | 1.37 g/t Gold over 4.0 m from 18.0 m | High Grade | Thick | Shallow |
| 2025-11-12 | 2.87 g/t Gold over 2.0 m from 0.0 m | High Grade | Moderate Thickness | Very Shallow |
| 2025-11-12 | 7.71 g/t Gold over 13.0 m from 242.0 m | Very High Grade | Very Thick | Deep |
| 2025-11-12 | 23.90 g/t Gold over 2.0 m from 234.0 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-12 | 13.87 g/t Gold over 7.0 m from 246.0 m | Very High Grade | Very Thick | Deep |
| 2025-11-12 | 1.07 g/t Gold over 2.0 m from 56.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-11-12 | 1.14 g/t Gold over 4.0 m from 28.0 m | Moderate Grade | Thick | Shallow |
| 2025-11-12 | 2.83 g/t Gold over 2.0 m from 70.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-12 | 2.07 g/t Gold over 2.0 m from 102.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-11-12 | 4.04 g/t Gold over 1.0 m from 152.0 m | High Grade | Thin | Moderate Depth |
| 2025-11-12 | 6.32 g/t Gold over 6.0 m from 162.0 m | Very High Grade | Thick | Moderate Depth |
| 2025-11-12 | 12.06 g/t Gold over 3.0 m from 164.0 m | Very High Grade | Thick | Moderate Depth |
| 2025-11-12 | 6.46 g/t Gold over 6.0 m from 323.0 m | Very High Grade | Thick | Deep |
| 2025-11-12 | 3.61 g/t Gold over 12.0 m from 323.0 m | High Grade | Very Thick | Deep |
| 2025-11-12 | 4.55 g/t Gold over 3.0 m from 142.0 m | Very High Grade | Thick | 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.