Flat 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
Flat is located in United States, North America. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (low elevation, moderate relief, continental 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) average moderate grade, very long, and very deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-03-03 | 1.13 g/t Gold over 4.6 m from 61.0 m | Moderate Grade | Thick | Moderate Depth |
| 2025-03-03 | 2.83 g/t Gold over 6.1 m from 47.2 m | High Grade | Thick | Shallow |
| 2025-03-03 | 1.98 g/t Gold over 15.2 m from 38.1 m | High Grade | Very Thick | Shallow |
| 2025-03-03 | 1.11 g/t Gold over 33.5 m from 32.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-03-03 | 21.72 g/t Gold over 1.5 m from 22.9 m | Very High Grade | Moderate Thickness | Shallow |
| 2025-03-03 | 6.01 g/t Gold over 6.1 m from 18.3 m | Very High Grade | Thick | Shallow |
| 2025-03-03 | 2.22 g/t Gold over 18.3 m from 9.1 m | High Grade | Very Thick | Very Shallow |
| 2025-03-03 | 1.22 g/t Gold over 65.5 m from 0.0 m | High Grade | Very Thick | Very Shallow |
| 2024-09-05 | 1.19 g/t Gold over 3.0 m from 189.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-09-05 | 0.74 g/t Gold over 56.4 m from 115.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-09-05 | 1.05 g/t Gold over 35.1 m from 115.8 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-09-05 | 5.66 g/t Gold over 7.6 m from 191.7 m | Very High Grade | Very Thick | Moderate Depth |
| 2024-09-05 | 27.20 g/t Gold over 1.5 m from 193.2 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2024-09-05 | 0.53 g/t Gold over 19.8 m from 19.8 m | Moderate Grade | Very Thick | Shallow |
| 2024-09-05 | 1.00 g/t Gold over 7.6 m from 32.0 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.