Newly Secured Ground Extends Mineral System Beyond Known Boundaries in Peru

1. Coppernico Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Coppernico Metals Inc. (COPR:TSX; CPPMF:OTCQB; 9l3:FSE) reported that it has acquired an option on mineral concessions totaling 600 hectares adjacent to its Tipicancha target at the Sombrero Project in Peru. The concessions, referred to as the Horizonte Concessions, are located in an area where the Company believes the Tipicancha epithermal-porphyry system continues beyond the current project boundaries. The company also stated that it staked an additional 1,400 hectares of surrounding concessions in 2025 while discussions regarding the Horizonte Concessions were ongoing, expanding its land position at Tipicancha.

According to the Company, the Sombrero Project currently covers approximately 57,000 hectares. The option agreement was entered into between Exploraciones Horizonte Gold S.A.C. and Coppernico’s wholly owned subsidiary, Sombrero Minerales S.A.C. Under the terms of the agreement, the subsidiary has immediate rights to conduct exploration activities and may acquire the concessions by completing US$3.0 million in staged work expenditures over five years and making total payments of US$2.0 million.

The agreement provides Coppernico with full operational control during the option period. If exercised, the option grants the Optionor a 1% net smelter return royalty, with Coppernico retaining the right to reduce it to 0.5% through a one-time payment of US$1.0 million within 10 years. The company stated that the concessions are in good standing with no known encumbrances or environmental liabilities.

Ivan Bebek, Chair and CEO of Coppernico, said in a company news release, "We are pleased to have secured these strategic concessions prior to the commencement of drilling at our adjacent Tipicancha target, where we are currently in the process of seeking drilling permits."

The company indicated that it intends to commence initial exploration activities on the Horizonte Concessions in the near term. The concessions are located approximately 2.5 kilometers south of the Tipicancha target, where historical exploration conducted between 2006 and 2007 included geological mapping, surface sampling, and three reverse-circulation drill holes. These historical programs identified advanced argillic alteration, gold-bearing structures, and geochemical anomalies over an area of approximately 800 meters by 500 meters.

Tim Kingsley, VP Exploration of Coppernico Metals, stated in a company news release, "These independent observations and datasets help validate the structural framework and alteration zonation we are defining and reinforce the scale and exploration potential of the broader Tipicancha target."

Copper Markets Reflect Mixed Macro Signals as Structural Demand Holds

According to an April 7 report from Bloomberg, Goldman Sachs Group Inc. noted that copper prices had faced pressure amid broader macroeconomic uncertainty tied to geopolitical developments. The report stated that "most base metals have come under growing pressure in the past month, as soaring oil and gas prices threaten to stifle economic growth and erode demand for industrial commodities." Analysts also noted that "the copper price is not being supported at the current level by fundamentals."

Investing.com reported on April 7 that Goldman Sachs revised its outlook for copper, lowering its 2026 average price forecast to US$12,650 per tonne from US$12,850 and increasing its estimate for a global surplus to 490,000 tonnes. However, analysts stated that "this is a smaller demand revision than aluminium because of the increasingly strategic and structural nature of copper demand, making it less sensitive to global economic cycles."

An April 8 article from Seattle Today noted that geopolitical developments could continue to influence pricing, with analysts citing potential supply chain disruptions tied to tensions in the Middle East.

Analyst Points to Large-Scale Copper Potential Across District

In a September 4 research update, 3L Capital analyst Steven Therrien examined exploration results from the Sombrero district, identifying the Nioc target area as a key focus within a wider copper skarn system. Based on historical drilling at Fierrazo alongside more recent exploration at Nioc and Ccascabamba, he described the mineralization as part of an extensive, connected copper system.

Therrien stated that "interpreted skarn systems at Nioc's Zones 1 and 2 could represent a system measured in the hundreds of millions of tonnes" if portions of the modeled skarn bodies are confirmed to host mineralization at depth. He also noted that several high-priority targets within the district had yet to be tested with modern drilling methods.

Advancing Exploration Programs and Project Development

The company stated that it is in the process of seeking drilling permits for the adjacent Tipicancha target and plans to advance exploration activities on the Horizonte Concessions, including geophysical surveys and drilling, as outlined in the option agreement.

According to the investor presentation, Coppernico has filed a semi-detailed environmental impact assessment to expand its permitted drill footprint at the Sombrero Project. The proposed permit area is expected to increase to approximately 3,024 hectares from 904 hectares, with drill platforms increasing from 38 to 181 pads, subject to approval.

The permit is currently in place allows up to 49 drill holes from 38 drill pads at the Ccascabamba target area. The company is advancing expanded drill permits toward approval and continuing surface exploration,geochemistry, and drill planning to progress targets toward drill-ready status.

Additionally, the Company reported that it is strengthening community partnerships through ongoing engagement and additional agreements and is evaluating assets in complementary jurisdictions as part of its broader project pipeline development.