Potential Large scale Porphyry - High Sulphidation System at Jiguata Project -- Tribeca Resources Technical Update

The most recent news (February 25, 2026) provides a technical update on the Jiguata Project in Northern Chile. Tribeca has identified four substantial alteration centers along a 7 km by 4 km trend. Geological mapping and pXRF soil geochemistry have confirmed multi-element anomalies and high-energy hydrothermal breccias (alunite-jarosite). Geophysical data (IP chargeability and low resistivity) suggests the presence of deep porphyry systems beneath "barren" advanced argillic caps, similar to other major discoveries in the region. This follows the February 12, 2026, update confirming that Phase 3 drilling at the La Higuera IOCG Project (Chirsposo Sur target) is scheduled to commence in March 2026.

The news is Routine - Positive. While the scale of the alteration system at Jiguata (7km trend) is significant and suggests district-scale potential, these are still surface and geophysical results. The material impact is tempered by the fact that no new drill results were released; rather, the company is "building the case" for a 2026 drill program at Jiguata. The immediate value driver remains the upcoming March 2026 drilling at La Higuera. The Jiguata update confirms that management is successfully executing the exploration plan outlined during the October 2025 C$6.5M financing.

Tribeca Resources is a copper-focused explorer in Chile. - La Higuera IOCG Project (Flagship): Located in the coastal IOCG belt. Includes the Gaby discovery (e.g., 268m @ 0.66% Cu). Current focus is the Chirsposo Sur target. - Jiguata Project: A 10,000-hectare porphyry copper-molybdenum project in the Palaeocene belt of Northern Chile, currently under a 5-year option to acquire 100%. - Chiricuto Project: Located in the Mantoverde district; recent drilling (May 2025) showed porphyry-style mineralization but lower copper grades (0.10-0.12% Cu) with encouraging gold.