Azarga Metals files NI 43-101 tech report for Marg

Executive Summary

• Azarga Metals filed a NI 43‑101 technical report for the Marg VMS project in central Yukon, confirming the 2025 mineral resource estimate previously disclosed on September 8, 2025.
• The report highlights that the deposit remains open at depth and laterally, indicating potential to expand the resource, and notes additional prospectivity at the nearby Jane zone.
• Metallurgical testing shows the ore is amenable to differential flotation producing copper, lead, zinc, gold, and silver concentrates; no material changes to the prior resource estimate are identified.

Key Details

• Report filing: NI 43‑101 technical report titled “NI 43‑101 Technical Report for the Marg Property, Yukon Territory,” dated August 29, 2025, with an effective date of the same day.
• Resource cut‑off: Primary resource presented at a 0.5 % CuEq cut‑off; alternative thresholds also provided in Table 2 of the report.
• Resource continuity: The disclosed mineral resource aligns with the figures released in the September 8, 2025 press release; no material revisions identified.
• Project extensions:
• Open to the east, west, and down‑dip, suggesting significant upside potential for expanding the current resource base.
• Geophysical surveys and surface mapping at the Jane zone indicate additional VMS mineralization prospects within the property.
• Development potential: Historic economic assessments (2016) indicated suitability for both open‑pit and underground mining; however, historic selective sampling limited confidence in near‑surface low‑grade resource for pit scenarios.
• Metallurgy: Test work demonstrates feasibility of differential flotation to produce copper, lead, zinc concentrates with gold and silver recovered in the sulphide concentrate.
• Qualified persons: Technical disclosure reviewed and approved by John Horton, BSc (honours), FAusIMM (CP) of IMC Mining Pty. Ltd., and Debbie James, BSc, PGeo, of TruePoint Exploration – both qualified under NI 43‑101.
• Availability: Full technical report accessible on Azarga Metals’ website and via SEDAR+.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)