Razorback 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
Razorback is located in Australia, Oceania. The surrounding region has historically demonstrated a very high potential for copper endowment and is proximal to other copper properties. Physical setting (moderate elevation, very high relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under very thin 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 (Copper Equivalent) average very high grade, long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-12-19 | 0.19 g/t Copper Equivalent over 14.8 m from 122.2 m | Low Grade | Very Thick | Moderate Depth |
| 2024-12-19 | 0.13 g/t Copper Equivalent over 19.0 m from 121.0 m | Low Grade | Very Thick | Moderate Depth |
| 2024-12-19 | 0.24 g/t Copper Equivalent over 6.0 m from 214.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-12-19 | 0.26 g/t Copper Equivalent over 24.0 m from 400.0 m | Moderate Grade | Very Thick | Deep |
| 2024-12-19 | 0.44 g/t Copper Equivalent over 5.0 m from 463.0 m | Moderate Grade | Thick | Very Deep |
| 2024-12-19 | 0.96 g/t Copper Equivalent over 20.0 m from 498.0 m | Moderate Grade | Very Thick | Very Deep |
| 2024-12-19 | 0.97 g/t Copper Equivalent over 50.0 m from 498.0 m | Moderate Grade | Very Thick | Very Deep |
| 2024-12-19 | 1.42 g/t Copper Equivalent over 19.0 m from 529.0 m | High Grade | Very Thick | Very Deep |
| 2024-12-19 | 6.13 g/t Copper Equivalent over 2.0 m from 545.4 m | Very High Grade | Thick | Very Deep |
| 2024-10-15 | 1.21 g/t Copper Equivalent over 25.0 m from 72.0 m | High Grade | Very Thick | Moderate Depth |
| 2024-10-15 | 1.74 g/t Copper Equivalent over 10.1 m from 128.5 m | High Grade | Very Thick | Moderate Depth |
| 2024-10-15 | 4.61 g/t Copper Equivalent over 3.1 m from 135.5 m | Very High Grade | Thick | Moderate Depth |
| 2024-10-15 | 1.01 g/t Copper Equivalent over 10.0 m from 194.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-10-15 | 1.69 g/t Copper Equivalent over 9.0 m from 85.0 m | High Grade | Very Thick | Moderate Depth |
| 2024-10-15 | 0.57 g/t Copper Equivalent over 132.0 m from 72.0 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.