Validation Process
Each property advances through a disciplined framework — from tenure verification through historical reconstruction, field surveying, sampling and metallurgy, to the investment and partnership decisions that determine the development path.
Every stage has defined deliverables, decision gates, and evidence requirements. Not every property completes all six — the evidence determines the outcome.
Required evidence and deliverables:
Decision Gate
Do we control the rights we believe we control?
What This Does Not Establish
A complete legal opinion. Encumbrances, title exceptions, and third-party claims may exist that require further title-counsel review.
Required evidence and deliverables:
Decision Gate
Is there enough credible historical evidence to justify field work?
What This Does Not Establish
That historical grades, tonnages, or production figures represent current mineral resources or reserves. All historical data is graded by source reliability.
Required evidence and deliverables:
Decision Gate
Do current field conditions support the historical interpretation?
What This Does Not Establish
That a mineral resource or economic project exists. Field verification confirms what is physically present; economic significance requires additional technical work.
Required evidence and deliverables:
Decision Gate
Is there a technically supportable target?
What This Does Not Establish
A mineral resource or reserve under S-K 1300 or any other reporting code. A Qualified Person must review all work before resource terminology can be applied.
Required evidence and deliverables:
Decision Gate
Is formal resource-definition work justified?
What This Does Not Establish
That a resource or reserve will result from resource-definition work. This stage authorizes the program — the results determine the outcome.
Decision Gate
Not every property must become a mine. The development path is determined by technical evidence, market conditions, capital availability, and counterparty alignment.
What This Does Not Establish
That any specific development outcome is assured. Each outcome requires its own program of work, permitting, and investment decision.
Possible Outcomes