The Mitchi-Wabash sediment hosted copper-silver properties continue to be the Corporation’s flagship projects. Since the discovery of these two mineralized basins in 2017 and 2020 respectively, significant amount of geological information collected helped better target the mineralization, identify numerous pockets of mineralization on surface and ultimately led to the maiden resource estimation on the Sherlock zone in 2023 (Measured & Indicated resource of 2.99Mt @ 0.4% Cu and 4 g/t Ag, see July 31, 2023 press release for further details). An internal scoping study on the Sherlock deposit and the hub and spoke model allowed to evaluate the possibility of developing the Mitchi-Wabash properties. The conclusions of the study suggested that to further derisk and successfully develop the small-scale mining operations at the various zones using the hub and spoke model would require additional zones to be brought to the resource estimation level.

The Mitchi-Wabash properties present great opportunities to further add additional zones to the resource estimation, which will further derisk the project for development.