IDEX Metals Intersects 101m of 1.02% Cu, 160m of 0.77% Cu and 251m of 0.54% Cu within 421m of 0.37% Cu from Surface, Including 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W, at the Freeze Project, Idaho, USA

Executive Summary

• Drillhole KSMT25002 intersected 420.8 m of continuous copper mineralization from surface, including a high‑grade core of 101 m at 1.02 % Cu.
• The hole also returned significant by‑product grades: up to 5.49 g/t Ag, 299 ppm Mo and 805 ppm W over the 101 m interval.
• Results confirm the scale and grade potential of the Kismet Tourmaline Breccia target and support IDEX’s view that Freeze could become a major copper discovery in Idaho.

Key Details

• Overall intercept: 420.81 m @ 0.37 % Cu, 1.96 g/t Ag, 192 ppm Mo, 419 ppm W (from 1.89 m depth).
• High‑grade zones within the hole:
• 101.0 m @ 1.02 % Cu, 5.49 g/t Ag, 299 ppm Mo, 805 ppm W
• 160.1 m @ 0.77 % Cu, 3.99 g/t Ag, 162 ppm Mo, 588 ppm W
• 251.0 m @ 0.54 % Cu, 2.91 g/t Ag, 187 ppm Mo, 631 ppm W
• Mineralogy: Oxide copper (malachite, chrysocolla, chalcocite) dominates near‑surface; transitions to sulfide‑dominant assemblage at depth.
• Geophysical context: Hole drilled through moderately resistive zones (400–600 Ω·m); MT surveys proved effective for targeting and will be further refined with an ongoing IP survey over an 11 × 4 km corridor.
• Upcoming work:
• Drillhole KSMT25003 completed to 356.56 m; assay results expected November 2025.
• Drillhole KSMT25004 (150‑m step‑out) in progress, currently at 282 m depth.
• IP survey results to be released in a future press release.
• QA/QC: Samples analyzed by AGAT Labs (Calgary & Thunder Bay) using ISO‑17025/9001 methods; full QA/QC protocol applied, including blanks, duplicates and CRMs.

Notable Quotes

“The second drillhole at Freeze is a game changer for IDEX… delivering more than 420 metres of continuous copper mineralization from surface with multiple high‑grade zones… indicates that Freeze is well on its way to becoming a major copper discovery in Idaho.” – Clayton Fisher, CEO & Director

Materiality Assessment: Material – Positive** (The extensive, high‑grade copper intercepts materially enhance the valuation and development outlook for the Freeze property.)