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 |
|---|---|---|---|---|
| 2026-04-10 | 0.12 g/t Gold Equivalent over 4.0 m from 144.0 m | Low Grade | Thick | Moderate Depth |
| 2026-04-10 | 1.44 g/t Gold Equivalent over 1.0 m from 502.0 m | High Grade | Thin | Very Deep |
| 2026-04-10 | 5.01 g/t Gold Equivalent over 1.5 m from 491.0 m | Very High Grade | Moderate Thickness | Very Deep |
| 2026-04-10 | 0.31 g/t Gold Equivalent over 113.7 m from 476.0 m | Moderate Grade | Very Thick | Very Deep |
| 2026-04-10 | 3.46 g/t Gold Equivalent over 0.6 m from 393.1 m | High Grade | Thin | Deep |
| 2026-04-10 | 0.20 g/t Gold Equivalent over 64.0 m from 368.0 m | Low Grade | Very Thick | Deep |
| 2026-04-10 | 2.09 g/t Gold Equivalent over 1.0 m from 322.0 m | High Grade | Thin | Deep |
| 2026-04-10 | 1.27 g/t Gold Equivalent over 1.0 m from 318.0 m | High Grade | Thin | Deep |
| 2026-04-10 | 2.56 g/t Gold Equivalent over 1.0 m from 310.0 m | High Grade | Thin | Deep |
| 2026-04-10 | 3.85 g/t Gold Equivalent over 1.1 m from 305.0 m | High Grade | Moderate Thickness | Deep |
| 2026-04-10 | 2.08 g/t Gold Equivalent over 1.0 m from 294.0 m | High Grade | Thin | Deep |
| 2026-04-10 | 1.25 g/t Gold Equivalent over 1.0 m from 183.0 m | High Grade | Thin | Moderate Depth |
| 2026-04-10 | 1.36 g/t Gold Equivalent over 4.0 m from 177.0 m | High Grade | Thick | Moderate Depth |
| 2026-04-10 | 0.29 g/t Gold Equivalent over 167.0 m from 176.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2026-04-10 | 1.93 g/t Gold Equivalent over 1.0 m from 664.0 m | High Grade | Thin | Very 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.