Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.00% Copper from the Wedge Project, Bathurst, New Brunswick

Executive Summary

• Nine Mile Metals released certified assay results for 20 surface grab samples from the pre‑drill area of its Wedge VMS Project in New Brunswick, showing high‑grade copper‑equivalent values up to 16.64 % Cu‑Eq.
• Multiple samples exhibit >10 % Cu‑Eq with notable gold and silver grades (e.g., 48 g/t Ag, 0.71 g/t Au), indicating a “massive” VMS mineralization zone that aligns with early drill core observations.
• The company views the results as “outstanding,” reinforcing confidence in its upcoming drill program (holes WD‑25‑01, WD‑25‑02, WD‑25‑02B) and supporting continued exploration funding needs.

Key Details

• Assay Summary (selected high‑grade samples):
• Sample #280460 – 15.00 % Cu, 0.05 % Pb, 0.11 % Zn, 0.71 g/t Au, 42.00 g/t Ag → 16.64 % Cu‑Eq
• Sample #280462 – 14.20 % Cu, 0.04 % Pb, 0.12 % Zn, 0.21 g/t Au, 48.10 g/t Ag → 15.37 % Cu‑Eq
• Sample #280461 – 13.30 % Cu, 0.07 % Pb, 0.09 % Zn, 0.58 g/t Au, 25.70 g/t Ag → 14.49 % Cu‑Eq

• Sample #280464 – 13.70 % Cu, 0.06 % Pb, 0.11 % Zn, 0.25 g/t Au, 30.90 g/t Ag → 14.60 % Cu‑Eq

• Analytical Methods:

• Primary: UT‑7 multi‑element Peroxide “Total” Fusion (ICP‑OES+MS).
• Over‑limit results re‑analyzed by Code 8‑AR‑ICP‑OES.

• Gold via 30 g fire assay with AA finish; silver via method 1E Ag.

• Quality Control: Standards inserted at set intervals throughout sample stream; QA/QC procedures followed per NI 43‑101.

• Geological Context: Samples collected west of the old hoist footings and shaft remains; mineralization described as massive, fine‑grained chalcopyrite with visible covellite (CuS) in several samples.

• Management Commentary:

• Gary Lohman (VP Exploration) highlighted the massive, high‑grade nature of the copper sulphide mineralization and its consistency with early drill core results.

• CEO Patrick J. Cruickshank called the assay results “outstanding,” emphasizing that they validate the design of the current drill program and underscore the deposit’s potential as a special copper‑rich VMS system.

• Copper‑Equivalent Calculation: Based on Dec 16 2025 metal prices (Cu US$5.35/lb, Pb US$0.88/lb, Zn US$1.37/lb, Ag US$67.10/oz, Au US$4,337.70/oz) and an assumed 80 % metallurgical recovery for all metals.

• Qualified Person: Gary Lohman, P.Geo., non‑independent qualified person per NI 43‑101.

Notable Quotes

“The mineralization is massive in character, fine grained… Visible covellite (CuS) was locally present, adding a high grade component to the system.” – Gary Lohman, VP Exploration

“These results are simply outstanding… This is definitely a special copper rich deposit.” – Patrick J. Cruickshank, CEO & Director