Red Mountain 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 Gold Potential
Red Mountain is located in Mongolia, Asia. The surrounding region has historically demonstrated a high potential for gold endowment and is somewhat distal to other gold properties. Physical setting (high elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Siliciclastic sedimentary rocks, under thick 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 (Gold Equivalent) average very high grade, very long, and moderate depth. The most recent intercepts are benchmarked against a global gold database.
| Date | Intercept (Gold Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2024-06-21 | 0.61 g/t Gold Equivalent over 4.0 m from 103.0 m | Moderate Grade | Thick | Moderate Depth |
| 2024-06-21 | 0.48 g/t Gold Equivalent over 10.0 m from 78.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.98 g/t Gold Equivalent over 10.0 m from 113.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.99 g/t Gold Equivalent over 12.0 m from 113.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.91 g/t Gold Equivalent over 14.0 m from 113.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.19 g/t Gold Equivalent over 17.8 m from 171.2 m | Low Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.17 g/t Gold Equivalent over 4.0 m from 0.0 m | Low Grade | Thick | Very Shallow |
| 2024-06-21 | 0.24 g/t Gold Equivalent over 49.0 m from 109.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.62 g/t Gold Equivalent over 9.5 m from 110.3 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.19 g/t Gold Equivalent over 143.0 m from 235.0 m | Low Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.26 g/t Gold Equivalent over 12.0 m from 249.0 m | Moderate Grade | Very Thick | Deep |
| 2024-06-21 | 0.27 g/t Gold Equivalent over 8.0 m from 295.0 m | Moderate Grade | Very Thick | Deep |
| 2024-06-21 | 0.22 g/t Gold Equivalent over 8.0 m from 404.0 m | Moderate Grade | Very Thick | Deep |
| 2024-06-21 | 0.22 g/t Gold Equivalent over 137.0 m from 76.0 m | Moderate Grade | Very Thick | Moderate Depth |
| 2024-06-21 | 0.45 g/t Gold Equivalent over 10.0 m from 188.0 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.