Drill Results Routine +

Faraday Copper Reports Drill Results Including Near-Surface Copper Mineralization in the American Eagle Area

Faraday Copper halts phase IV drilling at Copper Creek as BHP’s San Manuel acquisition nears the definitive stage.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 07:05 FDY · 5.58 Faraday Copper Corp.

Executive Summary

Faraday Copper Corp. announced assay results from 18 drill holes completed during its Phase IV program at the Copper Creek Project in Arizona.
Key intercepts highlight near-surface copper oxide mineralization, including 35.35 m at 0.58% Cu in the American Eagle area and 37.00 m at 0.45% Cu (0.36% acid soluble) starting at surface east of Copper Giant.
The Phase IV open-pit resource definition program is now complete, with total drilling reaching 15,050 m across 53 holes.
Drilling operations were paused on June 20, 2026, pending the proposed acquisition of BHP's San Manuel Property. Management expects drilling to resume in fall 2026 post-acquisition closing.
Additional targets identified include porphyry-style veins on the Sunrise trend and infill drilling results at Mammoth/Childs Aldwinkle and Marsha's Pocket.
QA/QC protocols followed ALS Laboratories standards with certified standards, blanks, and field duplicates.

Material Impact

The news is a routine, incremental follow-up to previous Phase IV drill releases and the March 2026 announcement of the BHP San Manuel acquisition.
The completion of Phase IV and the subsequent pause for M&A integration were already priced into the stock following the March 2026 private placement and LOI.
The oxide intercepts reinforce the potential for early cathode production and heap-leach economics, but do not introduce fundamentally new catalysts or change the near-term development timeline.
No material deviation from prior expectations; the market has already factored in the M&A pathway and the pause in exploration activity.

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Company Overview

Faraday Copper is an exploration and development company focused on the Copper Creek Project in Pinal County, Arizona.
The project features near-surface copper oxide and secondary sulfide mineralization amenable to low-CAPEX heap leaching and early cathode production.
The company is pursuing a transformative acquisition of BHP's San Manuel Property, which would combine legacy mine infrastructure, deposits, and tailings with Copper Creek to create a multi-asset copper district.
The combined land package spans approximately 27,000 acres with shared infrastructure potential, aiming to reduce environmental footprint and enable staged development.

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