Copaur cancels acquisition of Royal Vindicator mine

Executive Summary

• Copaur Minerals Inc. abandons the proposed acquisition of the Royal Vindicator mine in Georgia to concentrate exclusively on its wholly‑owned Kinsley Mountain oxide gold project in Nevada.
• The company is preparing a permit application to test the reclaimed heap‑leach pad and has hired permitting specialist Sara Thorne to develop a plan for resuming full mining operations.
• Over 20,000 m of drilling completed since 2020 may allow expansion of the historic Main Pit oxide gold resource, supporting near‑term low‑cost production potential.

Key Details

• Acquisition Cancellation: Copaur will not proceed with acquiring the Royal Vindicator (RV) mine in Georgia.
• Strategic Focus: Full resources and attention redirected to the 100 % owned Kinsley Mountain project, a past‑producing oxide gold operation (1995‑1999).
• Permitting Activity: Processing a permit application to test the reclaimed heap‑leach pad; Sara Thorne engaged as mine permitting specialist to prepare a comprehensive plan for restarting full operations.
• Historical Production Context: Kinsley Mountain previously operated when gold prices were $350–$370 /oz, indicating low‑cost potential under current higher price environment.
• Drilling Program: Since 2020, >20,000 m of drilling completed by Copaur and former partners, targeting expansion of the historic Main Pit oxide gold resource.
• Infrastructure Advantage: Existing infrastructure at Kinsley Mountain offers a favorable jurisdiction for near‑term production.
• Shareholder Value Narrative: Realignment presented as disciplined project development aimed at creating shareholder value through assets with clear upside potential.

Notable Quotes

(No direct quotes were provided in the release.)