Skorusa/Sumrakovac 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
Skorusa/Sumrakovac is located in Serbia, Europe. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate relief, temperate 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 Equivalent) average low grade, very long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-07-06 | 0.23 g/t Gold Equivalent over 8.0 m from 304.0 m | Moderate Grade | Very Thick | Deep |
| 2021-07-06 | 0.15 g/t Gold Equivalent over 2.0 m from 315.0 m | Low Grade | Moderate Thickness | Deep |
| 2021-07-06 | 0.12 g/t Gold Equivalent over 4.8 m from 170.0 m | Low Grade | Thick | Moderate Depth |
| 2021-07-06 | 0.11 g/t Gold Equivalent over 2.0 m from 19.0 m | Low Grade | Moderate Thickness | Shallow |
| 2021-07-06 | 0.33 g/t Gold Equivalent over 2.0 m from 487.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2021-07-06 | 1.43 g/t Gold Equivalent over 2.5 m from 352.8 m | High Grade | Thick | Deep |
| 2021-07-06 | 0.62 g/t Gold Equivalent over 7.3 m from 348.0 m | Moderate Grade | Very Thick | Deep |
| 2021-07-06 | 0.17 g/t Gold Equivalent over 69.5 m from 294.0 m | Low Grade | Very Thick | Deep |
| 2021-07-06 | 0.22 g/t Gold Equivalent over 4.0 m from 213.0 m | Moderate Grade | Thick | Moderate Depth |
| 2021-07-06 | 0.35 g/t Gold Equivalent over 4.0 m from 294.0 m | Moderate Grade | Thick | Deep |
| 2021-07-06 | 0.19 g/t Gold Equivalent over 6.0 m from 536.0 m | Low Grade | Thick | Very Deep |
| 2021-07-06 | 0.43 g/t Gold Equivalent over 8.0 m from 365.0 m | Moderate Grade | Very Thick | Deep |
| 2021-07-06 | 0.35 g/t Gold Equivalent over 12.0 m from 333.0 m | Moderate Grade | Very Thick | Deep |
| 2021-07-06 | 0.30 g/t Gold Equivalent over 54.0 m from 331.0 m | Moderate Grade | Very Thick | Deep |
| 2021-07-06 | 0.20 g/t Gold Equivalent over 201.2 m from 290.8 m | Moderate Grade | Very 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.