v0.1 · draft

Methodology

Assaying follows a five-step engagement pattern: information review, technical maturity, method selection, market evidence, reporting and quality review. It is not a valuation calculator.

What is measured

A mineral valuation is an Intelligence Object: valuation date, purpose, ownership, jurisdiction, commodity, stage, methods, evidence set, comparable universe, assumptions, adjustments, scenarios, range, per-domain confidence, qualifications, reviewers, sign-off.

Arithmetic (deterministic)

troy ounce = 31.1034768 g
tonnes = contained oz × 31.1034768 / grade (g/t)
attributable oz = contained oz × ownership %
unit metric = consideration / attributable resource oz
adjusted metric = raw × Π (1 + adjustment %)
comparable stats = min, Q1, median, mean, Q3, max of included adjusted metrics
implied value = metric × subject attributable oz
readiness = mean of domain scores
  No Evidence 0 · Preliminary 25 · Partial 50 · Reasonable 75 · Advanced 90 · Verified 100

AI is not used for arithmetic. Outliers do not enter the included set unless a reviewer includes them with a reason.

Modes

• Indicative

  AI-assisted / user-generated. Not an independent professional valuation.

• Expert reviewed

  A qualified human has examined sources, comparables, methods, adjustments, calculations and conclusions.

• Professional report

  Controlled workflow. Compliance is never automatic.

Never-claim

We never describe software-generated output as VALMIN compliant, JORC compliant, regulatory compliant, suitable for public disclosure, suitable for stock exchange filing, an Independent Expert Report, or a fairness opinion.

Confidence

v0.1 does not emit a single pseudo-scientific valuation confidence score. Confidence is shown per domain (resource, metallurgy, tenure, capex, permitting, comparables). Absence of data is labelled Not Provided — never rendered as a low or safe score.