Barrancos/Aparis 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
Barrancos/Aparis is located in Portugal, Europe. The surrounding region has historically demonstrated a very high potential for copper endowment and is moderately proximal to other copper properties. Physical setting (moderate elevation, moderate relief, temperate climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, under very thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average very high grade, short, and deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2022-05-03 | 6.81 g/t Copper Equivalent over 2.0 m from 46.0 m | Very High Grade | Moderate Thickness | Shallow |
| 2022-05-03 | 0.21 g/t Copper Equivalent over 5.5 m from 295.0 m | Moderate Grade | Thick | Deep |
| 2022-05-03 | 0.31 g/t Copper Equivalent over 3.0 m from 318.5 m | Moderate Grade | Thick | Deep |
| 2022-05-03 | 1.18 g/t Copper Equivalent over 6.8 m from 212.4 m | Moderate Grade | Thick | Moderate Depth |
| 2022-05-03 | 5.50 g/t Copper Equivalent over 2.0 m from 213.7 m | Very High Grade | Moderate Thickness | Moderate Depth |
| 2022-05-03 | 2.33 g/t Copper Equivalent over 5.5 m from 213.7 m | High Grade | 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.