Far Lake 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
Far Lake is located in Canada, North America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, low relief, continental climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Metamorphics, under moderately thick lithosphere with thin sedimentary cover in a Archean Extended Crust tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper) average moderate grade, long, and deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper) | Grade | Length | Depth |
|---|---|---|---|---|
| 2021-07-20 | 0.23 g/t Copper over 1.8 m from 46.2 m | Moderate Grade | Moderate Thickness | Shallow |
| 2021-07-20 | 0.44 g/t Copper over 0.8 m from 35.6 m | Moderate Grade | Thin | Shallow |
| 2021-07-20 | 0.12 g/t Copper over 1.4 m from 162.8 m | Low Grade | Moderate Thickness | Moderate Depth |
| 2021-07-20 | 0.13 g/t Copper over 23.0 m from 201.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-07-20 | 0.16 g/t Copper over 6.0 m from 336.5 m | Low Grade | Thick | Deep |
| 2021-07-20 | 0.56 g/t Copper over 1.5 m from 336.5 m | Moderate Grade | Moderate Thickness | Deep |
| 2021-07-20 | 0.02 g/t Copper over 13.8 m from 414.2 m | Low Grade | Very Thick | Deep |
| 2021-07-20 | 0.10 g/t Copper over 14.0 m from 115.0 m | Low Grade | Very Thick | Moderate Depth |
| 2021-07-20 | 0.12 g/t Copper over 3.0 m from 166.0 m | Low Grade | Thick | Moderate Depth |
| 2021-07-20 | 0.11 g/t Copper over 4.0 m from 249.0 m | Low Grade | Thick | Deep |
| 2021-07-20 | 0.25 g/t Copper over 3.0 m from 218.0 m | Moderate Grade | Thick | Moderate Depth |
| 2021-07-20 | 0.09 g/t Copper over 4.1 m from 102.4 m | Low Grade | Thick | Moderate Depth |
| 2021-07-20 | 1.08 g/t Copper over 3.6 m from 124.7 m | Moderate Grade | Thick | Moderate Depth |
| 2021-07-20 | 0.35 g/t Copper over 15.6 m from 120.6 m | Moderate Grade | Very Thick | Moderate Depth |
| 2021-07-20 | 0.15 g/t Copper over 64.2 m from 82.8 m | Low 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.