C3 Metals Commences Maiden Drill Program at Khaleesi Copper-Gold Project, Peru

Executive Summary

• C3 Metals has started a 14‑hole, 6,300 m maiden drill program at its 100% owned Khaleesi copper‑gold project in Peru.
• The program is fully funded and split between two rigs: one targeting skarn copper‑gold mineralization (≈3,000 m) and the other targeting porphyry‑style copper mineralization (≈3,300 m).
• The drill campaign follows extensive geologic mapping, soil geochemistry, magnetic and IP surveys that identified large copper‑zinc and copper‑molybdenum anomalies, positioning Khaleesi as a high‑priority target in the world‑class Andahuaylas‑Yauri Porphyry‑Skarn belt.

Key Details

• Program Scope: 14 drill holes totaling 6,300 m.
• Rig Allocation:
• Rig 1 (skarn focus) – already drilling; 7 holes (~3,000 m) targeting a broad skarn copper‑gold zone coincident with magnetic (Mag) and IP chargeability highs, a resistivity low anomaly, and a 470 × 400 m soil Cu‑Zn anomaly averaging 1,260 ppm Cu.
• Rig 2 (porphyry focus) – slated to start in October 2025; 7 holes (~3,300 m) targeting porphyry‑style copper mineralization associated with Mag, IP chargeability and resistivity highs, over an 800 × 400 m soil Cu‑Mo anomaly averaging 950 ppm Cu.
• Geophysical Context:
• Large near‑surface magnetic body splits into two deeper bodies; both align with IP chargeability and resistivity anomalies extending to ~600 m depth.
• Soil geochemistry shows a 1,900 × 650 m copper‑molybdenum anomaly (two priority zones: 950 ppm Cu & 650 ppm Cu) and the aforementioned copper‑zinc anomaly.
• Historical Data:
• No prior drilling at Khaleesi; all exploration to date has been surface mapping, geophysics, and soil sampling.
• Nearby MCZ skarn (Jasperoide Project) hosts a Measured & Indicated Resource of 51.9 Mt @ 0.50% Cu & 0.20 g/t Au (≈569 Mlb Cu, 327 k oz Au).
• Funding: The entire drill program is fully funded; C3 Metals emphasizes its commitment to “maximize discovery potential for shareholders.”
• Strategic Positioning: Khaleesi lies within a 31,000‑ha concession package ~8 km west of the Jasperoide Project and ~45 km from major mines Las Bambas (MMG) and Constancia (Hudbay).

Notable Quotes

“We are very pleased to announce we have commenced the first ever drill program at Khaleesi… All programs are fully funded, as we aim to maximize discovery potential for our shareholders.” – Dan Symons, President & CEO

All technical information reviewed and approved by Stephen Hughes, P.Geo., VP Exploration & Qualified Person (NI 43‑101).