Morocco Update Jan26

Dear Investor,

This important discovery materially expands the known footprint of the Agdz system and strengthens our conviction that we are dealing with a very large, structurally controlled extensive copper–silver system. Copper and silver are booming and we have a large and seemingly extensive discovery. We need to drill!

The focus is firmly on defining high-quality drill targets, with drilling scheduled for H1 2026. These are early days but this is exactly the kind of geological signal we look for when building scalable copper exposure in a stable, mining-friendly jurisdiction like Morocco.

We are excited to update you on our progress.