Iglika 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
Iglika is located in Bulgaria, Europe. The surrounding region has historically demonstrated a moderate 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 Acid plutonic rocks, under thin lithosphere with 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, moderate length, and deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-01-23 | 0.21 g/t Copper Equivalent over 24.5 m from 476.4 m | Moderate Grade | Very Thick | Very Deep |
| 2024-01-23 | 0.47 g/t Copper Equivalent over 4.0 m from 99.5 m | Moderate Grade | Thick | Moderate Depth |
| 2024-01-23 | 0.15 g/t Copper Equivalent over 70.9 m from 430.0 m | Low Grade | Very Thick | Deep |
| 2024-01-23 | 0.26 g/t Copper Equivalent over 4.7 m from 447.4 m | Moderate Grade | Thick | Deep |
| 2024-01-23 | 0.37 g/t Copper Equivalent over 6.0 m from 464.7 m | Moderate Grade | Thick | Very Deep |
| 2023-09-25 | 1.06 g/t Copper Equivalent over 14.5 m from 138.2 m | Moderate Grade | Very Thick | Moderate Depth |
| 2023-09-25 | 0.21 g/t Copper Equivalent over 4.8 m from 193.2 m | Moderate Grade | Thick | Moderate Depth |
| 2023-09-25 | 0.21 g/t Copper Equivalent over 2.0 m from 188.2 m | Moderate Grade | Moderate Thickness | Moderate Depth |
| 2023-09-25 | 0.51 g/t Copper Equivalent over 1.0 m from 162.5 m | Moderate Grade | Thin | Moderate Depth |
| 2023-09-25 | 2.70 g/t Copper Equivalent over 3.0 m from 143.4 m | High Grade | Thick | Moderate Depth |
| 2023-09-25 | 0.58 g/t Copper Equivalent over 11.0 m from 40.5 m | Moderate Grade | Very Thick | Shallow |
| 2023-09-25 | 3.19 g/t Copper Equivalent over 2.5 m from 127.7 m | High Grade | Thick | Moderate Depth |
| 2023-09-25 | 1.13 g/t Copper Equivalent over 2.2 m from 66.5 m | Moderate Grade | Thick | Moderate Depth |
| 2023-09-25 | 0.30 g/t Copper Equivalent over 1.9 m from 250.4 m | Moderate Grade | Moderate Thickness | Deep |
| 2023-09-25 | 0.20 g/t Copper Equivalent over 6.9 m from 212.0 m | Moderate 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.