NorthWest Reports Near Surface Intercept of 44.0 Metres of 0.62% Copper and 0.42g/t Gold (1.01% CuEq) at Kwanika from 172 Metres

On November 19, 2025, NorthWest Copper reported assay results from the fifth drill hole (K-25-278) of its 2025 exploration program at the Kwanika Project in British Columbia. The headline result was a near-surface intercept of 44.0 metres grading 0.62% copper and 0.42 g/t gold, equivalent to 1.01% CuEq, starting from a depth of 172 metres.

Other notable intercepts in the same hole include 80.0 metres of 0.16 g/t gold from 47.0 metres, and two higher-grade gold zones of 36.0 metres of 0.64 g/t gold and 12.0 metres of 0.40 g/t gold deeper in the hole.

Management stated that the results confirm continuous near-surface mineralization, improve confidence in the geological model, and reinforce the potential for a high-grade starter pit, which could enhance the project's near-term economics.

The news is a routine update from the ongoing and previously announced 2025 drill program at Kwanika. While positive, its impact is muted when compared to other recent drill results from the same program.

• Tracking Projections: The 2025 exploration program, which began in September, was designed to confirm and expand the new "higher-grade target model" announced in April 2025. This strategy aims to delineate zones that could support a lower-capital, phased development approach to improve upon the 2023 PEA. This news release continues to deliver on that strategy.

• Comparison to Recent Results:

  • Nov 12, 2025: 36.0 metres of 3.67% CuEq. Hailed by the CEO as the "best result from the 2025 drill program to date."
  • Nov 6, 2025: 27.7 metres of 2.63% CuEq.
  • Oct 6, 2025: 44.0 metres of ~3.18% CuEq.
  • Nov 19, 2025 (Current): 44.0 metres of 1.01% CuEq.

The current result of 1.01% CuEq, while respectable and over a good width, represents a significant step down in grade from the spectacular intercepts announced over the past six weeks. The market was likely becoming accustomed to seeing multi-percent CuEq grades.

• Assessment: This is a workmanlike drill hole. It successfully confirms the continuity of mineralization near the surface, which is crucial for de-risking a potential open-pit starter scenario. However, it lacks the "wow factor" of previous announcements. It supports the geological thesis rather than dramatically enhancing it. Therefore, the news is classified as Routine - Positive. It adds value and reduces risk but is unlikely to act as a significant new catalyst for the stock price, which had already priced in a successful drill campaign.

NorthWest Copper is a junior mineral exploration company focused on its portfolio of copper and gold projects in British Columbia, a stable mining jurisdiction.

The company's flagship asset is the Kwanika project, a large-scale copper-gold porphyry deposit. A 2023 Preliminary Economic Assessment (PEA) outlined a long-life mine, but the new management team, installed in late 2024/early 2025, has pivoted the strategy. The new focus is on delineating higher-grade zones within the existing mineral resource to support a more manageable, phased development plan with lower initial capital costs. The ongoing 2025 drill program and metallurgical work are key components of this new strategy, aimed at delivering an enhanced PEA in the first half of 2026.