Espigão Copper-Gold Polymetallic Project

100% ownership of the Espigão exploration and mining licenses.

The Espigão Project is located in the state of Rondônia, NW Brazil.

The project represents an Intrusion Related/IOCG Copper-Gold exploration opportunity in a new metal frontier, with numerous geochemical and geophysical targets established along structural corridors extending over 200km².

Early-stage opportunity in metal-rich but underexplored region of Brazil

Large tenement package with multi-commodity upside 100% owned

Extensive copper-bearing manganese, gold anomalies, and base metal / pathfinder elements point to large, zoned hydrothermal system

Experienced management and technical team with significant regional expertise

Established CSR program generating widespread community acceptance in mining-friendly jurisdiction

The Amazon Craton is a highly prospective crustal block known for its significant endowment in gold, copper, tin, manganese and iron.

The Espigão Project is located, on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondônia-Juruena Province. The basement geology in the project area is dominated by a series of fractionated granitoids. An extensive network of mineralized structures extends over 200km2 in the ore of the licence area, and comprises base metal anomalous manganese veins, ferruginous breccias, tin-bearing greisen, and gold-bearing quartz-pyrite veins. The Company is focussed on testing the copper-gold potential of the licence area.

Some past artisanal processing of alluvial gold has taken place (production unrecorded)

Since 2007, more than 200,000 t of manganese oxide concentrates have been produced. A characteristic of the concentrates is that they have elevated copper (an average of > 0. 2% Cu to a peak of 0.8%Cu), and variable concentrations of other base metals (in places to percent levels). The chemical variations are consistent with partitioning processing in a large-scale hydrothermal system. Potential exploration analogues include Kitumba-type IOCG system, or intrusive system (several examples of which have a history of high-grade manganese production from Cu-anomalous vein systems).

Some plant and infrastructure related to the manganese processing remains on the project, and tenure includes explorations licences, one approved mining licence, and several mining licence applications.

Espigão Metal Corridors on Total Count Radiometrics

Espigão Geophysical Targeting

The exploration strategy is to leverage off a database of past exploration which has tested the vein systems at shallow levels (average depth of past drilling 40m below surface (depth of weathered extends to typically ~20-30 mbs). A HeliTEM survey has been completed over much of the area. Further assessment of modelling of Maxwell plate conductors is being integrated with inversions of the magnetic data to prioritize targets at depth.

The existing steam and soil sampling databases will be progressively extended with systematic multi-element surveys along all corridors. Complementary geophysical surveys will be considered for deep targeting, including gravity, and electrical geophysical methods.

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