Solwezi 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 Copper Potential
Solwezi is located in Zambia, Africa. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (high elevation, moderate relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Carbonate sedimentary rocks, under moderately thick 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 (Copper Equivalent) average very high grade, moderate length, and very shallow. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-01-29 | 0.45 g/t Copper Equivalent over 17.0 m from 3.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-01-29 | 0.40 g/t Copper Equivalent over 2.0 m from 19.0 m | Moderate Grade | Moderate Thickness | Shallow |
| 2025-01-29 | 3.01 g/t Copper Equivalent over 15.0 m from 12.0 m | High Grade | Very Thick | Very Shallow |
| 2025-01-29 | 0.91 g/t Copper Equivalent over 19.0 m from 18.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-01-29 | 1.21 g/t Copper Equivalent over 5.0 m from 14.0 m | High Grade | Thick | Very Shallow |
| 2025-01-29 | 0.82 g/t Copper Equivalent over 23.0 m from 11.0 m | Moderate Grade | Very Thick | Very Shallow |
| 2025-01-29 | 5.60 g/t Copper Equivalent over 26.0 m from 14.0 m | Very High Grade | Very Thick | Very Shallow |
| 2025-01-29 | 0.23 g/t Copper Equivalent over 6.0 m from 35.0 m | Moderate Grade | Thick | Shallow |
| 2025-01-29 | 0.82 g/t Copper Equivalent over 11.0 m from 20.0 m | Moderate Grade | Very Thick | Shallow |
| 2025-01-29 | 10.69 g/t Copper Equivalent over 21.0 m from 13.0 m | Very High Grade | Very Thick | Very Shallow |
| 2025-01-29 | 4.66 g/t Copper Equivalent over 7.0 m from 13.0 m | Very High Grade | Very Thick | Very Shallow |
| 2025-01-29 | 0.16 g/t Copper Equivalent over 3.0 m from 37.0 m | Low Grade | Thick | Shallow |
| 2025-01-29 | 0.14 g/t Copper Equivalent over 5.0 m from 25.0 m | Low Grade | Thick | Shallow |
| 2025-01-29 | 0.12 g/t Copper Equivalent over 10.0 m from 35.0 m | Low Grade | Very Thick | Shallow |
| 2025-01-29 | 0.09 g/t Copper Equivalent over 10.0 m from 28.0 m | Low Grade | Very Thick | 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.