Kol Mountains 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
Kol Mountains is located in Papua New Guinea, Oceania. The surrounding region has historically demonstrated a low potential for gold endowment and is somewhat distal to other gold properties. Physical setting (very low elevation, high relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Alluvial deposits, under 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 Equivalent) average low grade, very long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-12-15 | 0.32 g/t Gold Equivalent over 14.7 m from 6.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 2.22 g/t Gold Equivalent over 2.0 m from 60.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-15 | 4.44 g/t Gold Equivalent over 2.0 m from 62.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-15 | 3.79 g/t Gold Equivalent over 2.0 m from 64.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-15 | 1.47 g/t Gold Equivalent over 2.0 m from 68.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-12-15 | 0.39 g/t Gold Equivalent over 30.3 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.32 g/t Gold Equivalent over 12.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.24 g/t Gold Equivalent over 13.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.55 g/t Gold Equivalent over 16.0 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.37 g/t Gold Equivalent over 222.0 m from 6.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.15 g/t Gold Equivalent over 152.5 m from 0.0 m | Low Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.27 g/t Gold Equivalent over 152.4 m from 0.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-12-15 | 0.59 g/t Gold Equivalent over 7.4 m from 23.1 m | Moderate Grade | Very Thick | Shallow |
| 2025-12-15 | 0.48 g/t Gold Equivalent over 8.2 m from 95.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2025-12-15 | 0.69 g/t Gold Equivalent over 20.0 m from 36.0 m | Moderate Grade | Very Thick | 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.