Nobel Identifies New Mineralized Porphyry Copper System, Cuprita Project, Chile

The most recent news (March 9, 2026) announces that Nobel Resources has identified a new mineralized copper porphyry system at its flagship Cuprita project in Chile. Key highlights include: - Drill hole CUP004 intersected over 100 meters of copper-bearing mineralized porphyry. - Visual observations and XRF measurements indicate copper values up to 1,700 ppm (0.17% Cu) generally, with high-grade veinlets reaching 2.9% Cu. - The drilling confirmed a vertical alteration zoning (argillic to phyllic to propylitic) beneath a large lithocap, which is a textbook signature for large porphyry deposits in the Paleocene belt. - This is the first time this specific lithocap has ever been drill-tested.

The news is Material - Positive. While assays are still pending (meaning exact grades are not yet confirmed by a lab), the visual and XRF confirmation of a 100-meter mineralized interval in a previously undrilled system is a significant de-risking event. - Validation of Model: The company’s geological thesis—that a large, buried porphyry system exists beneath the surface lithocap—has been physically validated. - Scale Potential: Intersecting 100 meters of mineralization in the fourth hole of a maiden program suggests the system has significant scale, consistent with the 2km+ anomaly identified in 2025. - Context: Given the company was nearly insolvent in late 2025 (reporting only $11k in cash in September), this discovery justifies the ~$2.5M raised in early 2026 and provides a clear path for further valuation re-rating.

Nobel Resources is focused on copper-gold exploration in the Antofagasta region of Chile. - Flagship Project: Cuprita. - Location: Situated in the Paleocene Porphyry Belt, home to giants like El Salvador and Spence. - Status: Early-stage diamond drilling. The project is characterized by a massive silica-rich lithocap and coincidental magnetic/IP anomalies.