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Drilling Highlights

Exceptional intercepts demonstrating the scale and grade of Mocoa

Highest Grade Intercept

MD-043 — 840m at 0.83% CuEq*

Including 251m at 1.32% CuEq* and 180m at 1.15% CuEq* — from surface, open at depth

0.52%

Cu

0.06%

Mo

Recent Drill Results

Hole IDFromIntervalCu %Mo %CuEq %
MD-0430m1,235m0.42%0.05%0.63%
MD-0440m1,141m0.27%0.04%0.44%
MD-0450m1,166m0.31%0.03%0.44%
MD-0460m1,007m0.28%0.02%0.36%
MD-0470m1,004m0.39%0.04%0.56%
MD-0480m987m0.35%0.03%0.48%
MD-04945m892m0.33%0.04%0.50%
MD-0500m1,102m0.38%0.04%0.55%
MD-05132m856m0.41%0.05%0.62%
MD-05276m208m0.47%0.04%0.68%

Scale Comparison

Drilling depths compared to Burj Khalifa

Technical Notes

Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 5.278 × Mo (%), utilizing metal prices of Cu - US$4.00/lb and Mo - US$20.00/lb and metal recoveries of 90% Cu and 95% Mo.

Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.

For further technical information, please refer to the NI 43-101 Technical Report available on SEDAR+ or in the Investor Downloads section.

Key Highlights

0.83%

Highest Grade CuEq*

MD-043 over 840m

1,226m

Longest Intercept

MD-043 at 0.68% CuEq*

Open

In All Directions

Significant expansion potential