Leviathan looks back at 2025, ahead to 2026

Executive Summary

• Leviathan Metals Corp. provided a strategic recap of 2025 achievements and outlined its 2026 exploration plans, focusing on significant assets in Botswana and Bosnia.
• The company acquired 100% ownership of Cura Exploration Botswana Corp., securing the Central copper project on the Kalahari Copper Belt, with plans for airborne surveys and maiden drilling.
• The company also closed the acquisition of Foca Metals Corp., gaining 100% ownership of the Foca project in Bosnia, targeting silver/base metals with initial programs already underway.

Key Details

• Botswana Copper Assets (Cura Acquisition):
  • Leviathan acquired 100% ownership of Cura Exploration Botswana Corp.
  • Primary asset: Central project, located immediately south of MMG Ltd.'s Khoemacau cluster on the Kalahari Copper Belt.
  • Geological target: The Central project hosts a structural dome at the DKF-NPF contact, a feature never previously drill-tested on the property.
  • 2026 Plan: An airborne survey is planned to generate high-resolution data to plan the maiden drilling campaign.
  • Status: The company is financed for the drilling, and all necessary permits are in hand.
• Botswana Uranium Assets:
  • The acquisition includes an expansive uranium portfolio, specifically the Serule project and neighboring tenure.
  • Serule adjoins and falls immediately downdip of Lotus Resources Ltd.'s Lethlakane project (acquired in a $64 million AUD merger in 2023).
  • Previous drilling (2023) identified a four-kilometre-wide mineralized tabular sandstone unit.
• Bosnia Base Metals Assets (Foca Metals Acquisition):
  • Leviathan closed the acquisition of Foca Metals Corp., securing 100% ownership of the Foca project.
  • Land package: Over 100 square kilometres in the underexplored Central Dinaride zone of the Western Tethyan belt.
  • Regional context: Located between Dundee Precious Metals' Vares project (north) and the Trepca mine complex (south).
  • Historical Data: Yugoslav-era drilling suggested significant untapped endowment (historic intercepts averaging 15 metres at 13.25% lead plus zinc).
  • Recent Activity: High-grade rock chips and continuous soil anomalism extending over two kilometres have been identified.
  • 2026 Plan: Initial programs are exposing near-surface targets along key fault structures; induced polarization geophysics will vector toward drillable targets.
  • Status: The project is fully permitted.
• Australian Assets:
  • Discussions are advancing with potential partners for the staged disposal of Leviathan's Australian assets in the near to midterm.
• Strategic Outlook:
  • The company cites a solid balance sheet and deep expertise in Kalahari and Balkan mineral systems as foundations for 2026 momentum.

Notable Quotes

• "Central thus provides Leviathan with an unparalleled opportunity to make a Tier 1 copper discovery in an underexplored mineral belt of world-class significance."
• "Bosnia and Herzegovina offers a compelling exploration setting: low-cost operations, a supportive government in the subentity of Republika Srpska and a legacy of mining that dates back centuries."