Fairholme 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
Fairholme is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for gold endowment and is proximal to other gold properties. Physical setting (moderate elevation, very low relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Unconsolidated sediments, under moderately thick lithosphere with very thin sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average low grade, short, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-08-18 | 0.27 g/t Gold Equivalent over 0.0 m from 0.0 m | Moderate Grade | Very Thin | Very Shallow |
| 2022-08-18 | 3.35 g/t Gold Equivalent over 2.0 m from 52.0 m | High Grade | Moderate Thickness | Moderate Depth |
| 2022-08-18 | 1.29 g/t Gold Equivalent over 0.0 m from 0.0 m | High Grade | Very Thin | Very Shallow |
| 2022-08-18 | 0.09 g/t Gold Equivalent over 0.0 m from 0.0 m | Low Grade | Very Thin | Very Shallow |
| 2022-08-18 | 0.11 g/t Gold Equivalent over 0.0 m from 0.0 m | Low Grade | Very Thin | Very Shallow |
| 2022-08-18 | 0.09 g/t Gold Equivalent over 0.0 m from 0.0 m | Low Grade | Very Thin | Very Shallow |
| 2022-03-31 | 0.57 g/t Gold Equivalent over 2.0 m from 196.0 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2022-03-31 | 0.43 g/t Gold Equivalent over 4.0 m from 488.0 m | Moderate Grade | Thick | Very Deep |
| 2022-03-31 | 0.47 g/t Gold Equivalent over 2.0 m from 472.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2022-03-31 | 0.23 g/t Gold Equivalent over 28.0 m from 470.0 m | Moderate Grade | Very Thick | Very Deep |
| 2022-03-31 | 0.25 g/t Gold Equivalent over 0.0 m from 0.0 m | Moderate Grade | Very Thin | Very Shallow |
| 2022-03-31 | 0.43 g/t Gold Equivalent over 6.0 m from 196.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-03-31 | 0.97 g/t Gold Equivalent over 2.0 m from 292.0 m | Moderate Grade | Moderate Thickness | Deep |
| 2022-03-31 | 0.03 g/t Gold Equivalent over 1.0 m from 47.0 m | Low Grade | Thin | Shallow |
| 2022-03-31 | 1.42 g/t Gold Equivalent over 0.0 m from 0.0 m | High Grade | Very Thin | Very 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.