Axo Copper Drills 3.1% Copper Equivalent Over 5.8 Metres in First Batch of Phase II Assay Results

Executive Summary

• Axo Copper released its first assay batch from Phase II drilling at the La Huerta Project, highlighting several high‑grade copper‑equivalent intercepts.
• The most notable result is hole LHCC‑25‑031 with 3.08% CuEq over 5.8 m (2.90% Cu and 14.3 g/t Ag) within a broader 1.74% CuEq over 12.4 m interval.
• The company also announced a new investor‑relations services agreement with SRC Swiss Resource Capital AG and the issuance of 1,500,000 DSUs to its CEO.

Key Details

• Drilling Progress: ~2,100 m completed of a planned 15,000 m Phase II program (≈14% complete). Focus on shallow holes north of Las Marias (~300 m strike) and deeper down‑dip extensions.
• Assay Highlights:
• LHCC‑25‑031: 3.08% CuEq (2.90% Cu, 14.33 g/t Ag) over 5.8 m; broader interval 1.74% CuEq over 12.4 m.
• LHCC‑25‑030: 0.90% CuEq (0.87% Cu, 2.79 g/t Ag) over 4.8 m; higher‑grade sub‑interval 1.36% CuEq (1.29% Cu, 5.32 g/t Ag) over 1.4 m.
• LHCC‑25‑032: 1.27% CuEq (1.27% Cu, 0.8 g/t Ag) over 0.8 m.
• LHCC‑25‑034: 2.11% CuEq (1.99% Cu, 10.05 g/t Ag) over 6.0 m; higher‑grade sub‑interval 3.63% CuEq (3.39% Cu, 19.55 g/t Ag) over 2.9 m.
• Pending Assays: Hole LHCC‑25‑043 intercepted a 10.4 m mineralized zone with chalcopyrite and bornite; assays pending.
• Assay Methodology: Samples processed at ALS Chemex (Querétaro & Zacatecas) using total digestion ICP; QA/QC procedures met company standards.
• Qualified Person: Charles Spath, P.Geo., NI 43‑101 qualified, reviewed and approved technical information.
• Investor Relations Agreement: Effective 2025‑07‑01, one‑year term with SRC Swiss Resource Capital AG; fee $4,000 CHF/month plus special‑service fees. Termination possible with 7‑day notice.
• DSU Grant: 1,500,000 Deferred Share Units issued to CEO on the announcement date per June 10 2024 employment agreement.

Notable Quotes

“The first assays of Phase II drilling have produced very strong results as we continue to find, and further define, the La Huerta trend,” said Jonathan Egilo, President & CEO.
“We are currently drilling some of the deepest holes to date at La Huerta and remain excited about future drilling, as we continue to push the extensions of the mineralization.”