Coppercorp begins diamond drilling at Hydes prospect

Executive Summary

• Coppercorp Resources has commenced its maiden 2025 diamond‑drill program at the Hydes Cu‑Au‑REE prospect, part of the 100 % owned Razorback project in western Tasmania.
• Six drill holes are permitted for a total of ~4,600 m; the first hole (HDD001) targets a gravity‑high anomaly beneath outcropping mineralization that previously returned 24 m @ 0.74 % Cu and 0.36 g/t Au (including 14 m @ 0.97 % Cu and 0.56 g/t Au).
• An induced‑polarisation (IP) geophysical survey is scheduled for mid‑August to refine targeting for subsequent holes, with the program designed to be adaptive based on early drill and IP results.

Key Details

• Program Scope: Up to six diamond‑drill holes, ~4,600 m total depth, testing multiple coincident gravity, magnetic, and geochemical anomalies at Hydes.
• First Hole (HDD001): Targets central gravity‑high feature; surface channel sampling showed 24 m @ 0.74 % Cu & 0.36 g/t Au (incl. 14 m @ 0.97 % Cu & 0.56 g/t Au).
• Permitting: All six holes have received formal approvals from Tasmanian authorities.
• Geophysical Work: IP survey slated for early‑mid August to map chargeability zones associated with potential sulphide mineralization and guide future drill placement.
• Target Rationale:
• Gravity anomalies interpreted as dense sulphide bodies at depth.
• Surface Cu‑Au anomalies indicating chalcopyrite‑bearing outcrop zones.
• Structurally favorable zones near historic copper workings and alteration corridors.
• Adaptive Planning: Drill sequence may be altered based on real‑time geological observations, early drill results, and upcoming IP survey interpretations.
• Project Context: Hydes lies within the Razorback Cu‑Au‑REE property (EL8/2023), ~15 km south of the Mount Lyell copper‑gold mining camp (≈3 Mt Cu & 3 Moz Au). No net smelter return royalties apply.
• Historical Data: Recent channel sampling confirmed high‑grade, Mount Lyell‑style mineralization; 3‑D gravity and magnetic inversion models show two prominent gravity highs flanking a central magnetic high at depth.

Notable Quotes

“I am pleased to report that drilling of hole HDD001 has commenced at the Hydes prospect… This is the first‑ever exploration hole drilled at this location and marks a significant milestone for the Razorback property.” – Stephen Swatton, President & CEO, Coppercorp Resources Inc.

Qualified Person: Sean Westbrook, VP Exploration (NI 43‑101).