Kerkasha-Aburna 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
Kerkasha-Aburna is located in Eritrea, Africa. The surrounding region has historically demonstrated a very high potential for gold endowment and is somewhat distal to other gold properties. Physical setting (high elevation, moderate relief, tropical climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under thin lithosphere with thin sedimentary cover in a Late Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average high grade, long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-01-09 | 0.32 g/t Gold Equivalent over 6.0 m from 68.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-01-09 | 2.04 g/t Gold Equivalent over 1.0 m from 93.0 m | High Grade | Thin | Moderate Depth |
| 2025-01-09 | 1.23 g/t Gold Equivalent over 5.0 m from 50.0 m | High Grade | Thick | Moderate Depth |
| 2025-01-09 | 5.20 g/t Gold Equivalent over 2.0 m from 36.0 m | Very High Grade | Moderate Thickness | Shallow |
| 2025-01-09 | 1.19 g/t Gold Equivalent over 2.0 m from 109.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2025-01-09 | 2.33 g/t Gold Equivalent over 1.0 m from 88.0 m | High Grade | Thin | Moderate Depth |
| 2025-01-09 | 1.45 g/t Gold Equivalent over 1.0 m from 48.0 m | High Grade | Thin | Shallow |
| 2025-01-09 | 4.04 g/t Gold Equivalent over 2.0 m from 95.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-01-09 | 3.60 g/t Gold Equivalent over 2.0 m from 61.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2025-01-09 | 4.04 g/t Gold Equivalent over 1.0 m from 1.0 m | High Grade | Thin | Very Shallow |
| 2025-01-09 | 13.05 g/t Gold Equivalent over 1.0 m from 74.0 m | Very High Grade | Thin | Moderate Depth |
| 2025-01-09 | 2.26 g/t Gold Equivalent over 4.0 m from 138.0 m | High Grade | Thick | Moderate Depth |
| 2025-01-09 | 0.38 g/t Gold Equivalent over 3.0 m from 50.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-01-09 | 1.46 g/t Gold Equivalent over 2.0 m from 28.0 m | High Grade | Moderate Thickness | Shallow |
| 2025-01-09 | 1.08 g/t Gold Equivalent over 4.0 m from 104.0 m | Moderate 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.