CopperCorp Mobilizes Second Drill Rig to Jukes Prospect

Executive Summary

• CopperCorp mobilized a second diamond‑drill rig to accelerate Phase 2 drilling at the Jukes Cu‑Au prospect on its Razorback property in Tasmania.
• First Phase 2 hole (JDD003) completed to 254.9 m; samples en route for assay (results expected 3–4 weeks).
• Additional holes (JDD004, third upcoming hole) are underway or being prepared, with a total of ~2,000 m planned across five holes.

Key Details

• Phase 2 Program Scope: 5 holes, ≈2,000 m total; aims to expand known mineralization and test high‑priority IP & geochemical targets.
• Hole JDD003: Completed depth 254.9 m; samples dispatched for assay (results in 3–4 weeks).
• Hole JDD004: Currently at ~192 m, target final depth 350 m; first drill test of eastern IP chargeability corridor. Core logging and processing progressing; initial samples to be sent to lab next week.
• Second Drill Rig: Mobilized from the Hydes prospect; expected to commence drilling at Jukes within days, enabling faster advance of Phase 2.
• Hydes Update: Hole HDD001 completed to 632.5 m; core processing underway. Geophysical (pole‑dipole IP & AMT) surveys finished; data under interpretation. Surface mapping and sampling planned; potential for additional Hydes drilling later in the summer pending weather and target validation.
• Historical Intercepts (Phase 1):
• JDD001/2: 132 m @ 0.35% Cu & 0.19 g/t Au (incl. 25 m @ 0.75% Cu & 0.4 g/t Au).
• JDD002W: 50 m @ 0.66% Cu & 0.27 g/t Au; includes 2.05 m @ 4.2% Cu & 1.66 g/t Au.
• Underground adit sampling: 31 m @ 1.48% Cu & 0.83 g/t Au (incl. 9 m @ 2.92% Cu & 1.79 g/t Au).
• Geological Context: Jukes lies ~10 km south of Mt Lyell copper‑gold camp; IP, magnetic and geochemical anomalies define a ≥700 m × 400 m open footprint with mineralization confirmed to >500 m depth.
• Management Comment (Stephen Swatton, President & CEO): Emphasized the “pivotal moment” of Phase 2 drilling, noted analogies to historic Mt Lyell ore bodies, and outlined plans to ground‑truth additional targets on Razorback and Skyline licences, with potential Hydes follow‑up later in the season and a review of Linda prospect for 2026.

Notable Quotes

“We are at a pivotal moment in CopperCorp's 2025 phase 2 drill program… Jukes rock lithology has strong geological analogies to certain units or ‘pipes’ that were mined at the 100‑year‑old Mt Lyell mine…” – Stephen Swatton, President & CEO.