Super Copper receives Cordillera Cobre concession OK

Executive Summary

• Super Copper Corp. has received approval for 26 mining concessions for its flagship Cordillera Cobre project in Chile from the National Geology and Mining Service (Sernageomin), covering approximately 6,858 hectares in the Atacama copper belt.
• This approval marks the completion of the technical and challenging portion of the Chilean mining rights process, transitioning the project from exploration rights to full, permanent exploitation concessions.
• The company expects the first group of concessions to become fully constituted and drill-ready in Q1 2026, at which point it plans to submit a drilling notice for up to 40 drill platforms.

Key Details

• Concession Approval: 26 exploitation concessions approved by Sernageomin.
• Land Coverage: Approximately 6,858 hectares in the Atacama copper belt.
• Current Status of Concessions:
  • 25 concessions have received formal court resolutions.
  • 15 concessions have had their legal extract published in the official mining gazette.
  • Registration in the Copiapo mining registry is currently underway.
• Rights Granted: Exploitation concessions provide full and permanent mining rights, including legal control of the subsoil and the ability to conduct drilling, development, extraction, and long-term mine construction.
• Drilling Timeline: First concessions targeted for registration in Q1 2026.
• Next Steps:
  • Submit drilling notice to Sernageomin (up to 40 drill platforms under simplified procedure).
  • Finalize drill logistics and contractor selection.
  • Finalize Phase 1 drill program on high-priority targets defined by recent induced polarization (IP) and ground magnetics.
• Joint Venture Context: The project is advanced through a joint venture with Gardner y Esteffan Ltda. (dated Sept. 1, 2023), where Super Copper is the manager and controlling decision-maker, with the right to earn up to 100% interest via cash payments, share issuances, and exploration expenditures.

Notable Quotes

• "This is a critical milestone for Super Copper. Securing exploitation concessions, not just exploration rights, gives full and permanent mining rights at Cordillera Cobre." — Zachary Dolesky, CEO
• "With the title process effectively complete and registration progressing as planned, we are positioned to submit our drill program promptly upon finalizing results from our most recent exploration work. This positions Super Copper to advance one of the most exciting new copper projects in the Atacama region at a time when global copper demand is entering a major structural deficit." — Zachary Dolesky, CEO