Somero-Satulinmaki/Riukka 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
Somero-Satulinmaki/Riukka is located in Finland, Europe. The surrounding region has historically demonstrated a moderate potential for gold endowment and is somewhat distal to other gold properties. Physical setting (low elevation, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Acid plutonic rocks, under very 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) average moderate grade, long, and deep. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-05-05 | 1.80 g/t Gold over 5.0 m from 20.0 m | High Grade | Thick | Shallow |
| 2022-05-05 | 0.50 g/t Gold over 4.8 m from 175.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-05-05 | 5.60 g/t Gold over 4.0 m from 112.0 m | Very High Grade | Thick | Moderate Depth |
| 2022-05-05 | 19.80 g/t Gold over 1.0 m from 113.0 m | Very High Grade | Thin | Moderate Depth |
| 2022-05-05 | 4.80 g/t Gold over 3.0 m from 154.0 m | Very High Grade | Thick | Moderate Depth |
| 2022-05-05 | 13.40 g/t Gold over 1.0 m from 155.0 m | Very High Grade | Thin | Moderate Depth |
| 2022-05-05 | 0.90 g/t Gold over 7.0 m from 45.0 m | Moderate Grade | Very Thick | Shallow |
| 2022-05-05 | 0.40 g/t Gold over 4.0 m from 55.0 m | Moderate Grade | Thick | Moderate Depth |
| 2022-05-05 | 0.90 g/t Gold over 8.0 m from 73.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-05-05 | 0.60 g/t Gold over 17.5 m from 139.5 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-05-05 | 1.30 g/t Gold over 3.0 m from 160.0 m | High Grade | Thick | Moderate Depth |
| 2022-05-05 | 3.20 g/t Gold over 1.0 m from 160.0 m | High Grade | Thin | Moderate Depth |
| 2022-05-05 | 0.60 g/t Gold over 17.0 m from 172.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-05-05 | 1.10 g/t Gold over 12.0 m from 196.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2022-05-05 | 5.10 g/t Gold over 1.0 m from 207.0 m | Very High Grade | Thin | 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.