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2026-05-26 18:05:02
[Copper Fox Discovers High-Grade Soluble Copper at Van Dyke Project in Arizona; M-2 Hole 53.8 Meters Averages 0.54% Copper] ⑴ Copper Fox announced the final analysis results of its 2026 historical core plan for its wholly owned Van Dyke in-situ copper recovery project in Arizona. Of the 18 newly reported boreholes, 15 exceeded the 0.025% total soluble copper cutoff grade used in the 2020 mineral resource estimate. ⑵ The M-2 borehole returned a 53.8-meter section with an average total copper grade of 0.54% and a total soluble copper grade of 0.42%, including a 34.6-meter high-grade sub-section with an average total copper grade of 0.73%. ⑶ The OXY-46 borehole returned a 74.6-meter section with an average total copper grade of 0.27% and a total soluble copper grade of 0.22%, including a 19.5-meter enrichment zone with an average total copper grade of 0.52%. (4) The expansion of the soluble copper envelope may affect updated resource estimates, which are key input parameters in the revised preliminary economic assessment currently underway for engineering and cost work. (5) Against the backdrop of a long-term bullish outlook for copper demand driven by the current global energy transition, the announcement of high-grade soluble copper intercepts enhances the project's economic potential. In-situ recovery technology has a lower environmental footprint and capital intensity compared to conventional mining, and further expansion of the resource volume will increase the project's attractiveness to strategic investors or potential partners.
