Lutila 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
Lutila is located in Slovakia, Europe. The surrounding region has historically demonstrated a very high potential for gold endowment and is somewhat distal to other gold properties. Physical setting (moderate elevation, moderate relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average low grade, long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-11-14 | 0.14 g/t Gold over 18.0 m from 33.0 m | Low Grade | Very Thick | Shallow |
| 2024-11-14 | 0.13 g/t Gold over 5.0 m from 126.0 m | Low Grade | Thick | Moderate Depth |
| 2024-11-14 | 0.13 g/t Gold over 6.0 m from 358.0 m | Low Grade | Thick | Deep |
| 2024-05-01 | 1.26 g/t Gold over 5.3 m from 84.4 m | High Grade | Thick | Moderate Depth |
| 2024-05-01 | 0.91 g/t Gold over 26.2 m from 97.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-05-01 | 0.63 g/t Gold over 5.1 m from 138.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-05-01 | 0.76 g/t Gold over 24.3 m from 51.7 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-05-01 | 0.94 g/t Gold over 11.7 m from 156.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-05-01 | 0.26 g/t Gold over 12.8 m from 16.2 m | Moderate Grade | Very Thick | Very Shallow |
| 2024-05-01 | 0.29 g/t Gold over 6.0 m from 1.0 m | Moderate Grade | Thick | Very Shallow |
| 2024-05-01 | 0.15 g/t Gold over 3.1 m from 86.9 m | Low Grade | Thick | Moderate Depth |
| 2024-05-01 | 0.34 g/t Gold over 22.4 m from 85.6 m | Moderate Grade | Very 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.