Bright 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
Bright is located in Australia, Oceania. The surrounding region has historically demonstrated a high potential for gold endowment and is proximal to other gold properties. Physical setting (high elevation, high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under moderately thick lithosphere with moderately thick sedimentary cover in a Paleozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold Equivalent) average very low grade, very short, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2023-05-16 | 0.01 g/t Gold Equivalent over 1.0 m from 116.9 m | Very Low Grade | Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.3 m from 118.2 m | Very Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.3 m from 127.4 m | Very Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.05 g/t Gold Equivalent over 0.3 m from 127.7 m | Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.04 g/t Gold Equivalent over 0.3 m from 128.0 m | Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.4 m from 75.2 m | Very Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.07 g/t Gold Equivalent over 0.3 m from 75.5 m | Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 1.0 m from 75.9 m | Very Low Grade | Moderate Thickness | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.8 m from 77.0 m | Very Low Grade | Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.6 m from 77.7 m | Very Low Grade | Thin | Moderate Depth |
| 2023-05-16 | 0.04 g/t Gold Equivalent over 0.3 m from 78.3 m | Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.04 g/t Gold Equivalent over 0.6 m from 78.6 m | Low Grade | Thin | Moderate Depth |
| 2023-05-16 | 0.03 g/t Gold Equivalent over 0.5 m from 79.2 m | Low Grade | Very Thin | Moderate Depth |
| 2023-05-16 | 0.10 g/t Gold Equivalent over 0.9 m from 79.7 m | Low Grade | Thin | Moderate Depth |
| 2023-05-16 | 0.01 g/t Gold Equivalent over 0.8 m from 80.5 m | Very Low 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.