Khorixas - Belmont 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
Khorixas - Belmont is located in Namibia, Africa. The surrounding region has historically demonstrated a very low potential for gold endowment and is very distal to other gold properties. Physical setting (high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under thin lithosphere with thin sedimentary cover in a Late Proterozoic Shield tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Gold) average high grade, long, and very shallow. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-09-30 | 0.52 g/t Gold over 1.0 m from 103.0 m | Moderate Grade | Thin | Moderate Depth |
| 2024-09-30 | 6.85 g/t Gold over 6.0 m from 20.0 m | Very High Grade | Thick | Shallow |
| 2024-09-30 | 1.72 g/t Gold over 18.0 m from 74.0 m | High Grade | Very Thick | Moderate Depth |
| 2024-09-30 | 3.72 g/t Gold 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.