Paana 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
Paana is located in Finland, Europe. The surrounding region has historically demonstrated a very high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, moderate relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under thick lithosphere with thin sedimentary cover in a Early Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average very high grade, moderate length, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-10-27 | 0.70 g/t Gold Equivalent over 2.0 m from 77.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2021-10-27 | 0.90 g/t Gold Equivalent over 1.0 m from 137.0 m | Moderate Grade | Thin | Moderate Depth |
| 2021-10-27 | 0.90 g/t Gold Equivalent over 0.7 m from 150.3 m | Moderate Grade | Thin | Moderate Depth |
| 2021-10-27 | 0.60 g/t Gold Equivalent over 1.0 m from 181.0 m | Moderate Grade | Thin | Moderate Depth |
| 2021-10-27 | 0.30 g/t Gold Equivalent over 4.7 m from 192.2 m | Moderate Grade | Thick | Moderate Depth |
| 2021-10-27 | 0.60 g/t Gold Equivalent over 0.8 m from 199.2 m | Moderate Grade | Thin | Moderate Depth |
| 2021-10-27 | 0.60 g/t Gold Equivalent over 2.0 m from 204.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2021-10-27 | 1.50 g/t Gold Equivalent over 1.0 m from 209.0 m | High Grade | Thin | Moderate Depth |
| 2021-10-27 | 0.50 g/t Gold Equivalent over 6.1 m from 213.9 m | Moderate Grade | Thick | Moderate Depth |
| 2021-10-27 | 0.50 g/t Gold Equivalent over 3.0 m from 225.0 m | Moderate Grade | Thick | Moderate Depth |
| 2021-10-27 | 0.60 g/t Gold Equivalent over 1.9 m from 293.6 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-10-27 | 9.40 g/t Gold Equivalent over 2.0 m from 301.0 m | Very High Grade | Moderate Thickness | Deep |
| 2021-10-27 | 0.40 g/t Gold Equivalent over 14.4 m from 327.0 m | Moderate Grade | Very Thick | Deep |
| 2021-10-27 | 0.50 g/t Gold Equivalent over 1.9 m from 359.1 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-10-11 | 0.40 g/t Gold Equivalent over 6.0 m from 340.2 m | Moderate Grade | 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.