Drill Targets Activated in One of the World's Hottest Copper Zones

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1. Disclosure for the quote from the John Newell article published on December 23, 2025

1. For the quoted article (published on December 23, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

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As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

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Nobel Resources Corp. (NBLC:TSXV) announced the commencement of diamond drilling at its Cuprita copper project in northern Chile, marking the first drill campaign ever conducted on the property. The program targets porphyry copper mineralization identified through extensive fieldwork and geophysical surveys over the past year.

According to the company's news release, Cuprita lies within Chile's Paleocene porphyry copper belt, which hosts several major copper mines, including El Salvador, Cerro Colorado, and Spence. Nobel's exploration team has identified widespread copper mineralization in surface outcrops and small-scale historic workings, supported by copper geochemistry anomalies and induced polarization (IP) geophysical data.

Key geological features at Cuprita include an extensive leach cap and tourmaline breccia zones, which are commonly associated with porphyry systems. The project also sits within a structural corridor intersected by secondary faults, similar to the settings of several known deposits in the region. Drill permits were received in mid-October 2025, and the initial program is now underway.

Larry Guy, Chairman and CEO of Nobel, stated in the release, "We are excited to commence 2026 with the initial diamond drilling campaign of the highly prospective copper porphyry targets at Cuprita. The work that the Nobel team has done outlines a compelling area with extensive copper mineralization and associated alteration at surface, with key characteristics typically associated with mineralized porphyry copper deposits in this region of Chile."

Copper Market Faces Rising Demand Amid Structural Supply Constraints

Copper prices reached new highs in early 2026, extending a strong upward trend that began the previous year. As reported by Mining.com on January 14, copper hit a record US$13,310 per ton on the London Metal Exchange, capping a 40% increase in 2025 and gaining an additional 6% in the first two weeks of 2026. This growth was attributed to rising demand from the artificial intelligence and renewable energy sectors, alongside continued concerns over supply limitations and geopolitical instability.

In a video briefing released the same day, Ahead of the Herd highlighted that copper consumption had expanded beyond traditional uses in construction, telecommunications, and transportation. The briefing emphasized copper's growing importance in newer industries such as battery storage and AI infrastructure, where the metal is essential for computer chips, data centers, and energy transmission systems.

The analysis also pointed to long-standing supply-side challenges. The global copper market recorded a deficit in 2025, and projections for 2026 suggested an even tighter balance. Production was expected to grow by just 1.3%, well below the 25-year average of 2.5%. Exploration investment has also slowed. In 2024, copper exploration spending fell below 3% of earnings before interest, taxes, depreciation, and amortization (EBITDA), compared to over 6% during the early 2010s. According to the briefing, the copper supply shortfall could reach 1.1 million tons by 2029, due in part to competition with other critical minerals and a slowdown in new discoveries.

A report released by Sprott on January 15 identified copper as a strategically important commodity. The firm's 2026 outlook noted that "copper's momentum builds as supply shocks meet trade dislocation," citing tightening global availability caused by geopolitical fragmentation and resource nationalism. These disruptions have led to regional imbalances and hampered the global flow of materials.

Sprott also noted that copper markets are being shaped increasingly by policy decisions and supply chain security concerns. With new mining projects requiring long lead times and global copper inventories remaining low, the market has limited flexibility to address rapid demand growth. The report emphasized copper's expanding role in energy transition, national infrastructure, and digital systems.

Analyst Highlights Chilean Copper Project as Key Near-Term Focus

¹In a report dated December 23, John Newell of John Newell & Associates identified Nobel Resources Corp. as a speculative opportunity, citing the company's portfolio of four copper projects in northern Chile totaling approximately 6,050 hectares. All four properties are characterized by copper mineralization at surface and are located within one of the world's most productive copper belts.

Newell noted that Nobel has taken what he described as a "straightforward and disciplined" approach by focusing on targets with historical exploration and strong geological potential. Among the company's assets, he highlighted the Cuprita project as the primary near-term value driver, stating it displays "many of the classic hallmarks of a porphyry copper system." These include copper oxide minerals such as atacamite, chrysocolla, and brochantite observed at surface, as well as features like hydrothermal breccias, quartz stockwork veining, and alteration patterns consistent with low-pyrite porphyry deposits typical of the region.

His report referenced rock chip samples from surface trenching that returned copper values ranging from approximately 0.25% to over 3%. In addition, induced polarization (IP) surveys detected chargeability and resistivity anomalies at depths of roughly 200 meters, which he described as remaining open along strike. He confirmed that the company received drill permits in October and classified Cuprita as "drill-ready."

From a technical perspective, Newell wrote that Nobel's stock appeared to be emerging from a long-term basing pattern. He indicated that a move above CA$0.05 would represent a constructive shift and could potentially test resistance levels at CA$0.07 and CA$0.08. He also cited an initial technical target of CA$0.15 based on chart analysis. The stock, at the time of this article, has met that first target.

Drilling Into the Heart of a Copper Corridor

As outlined in Nobel's investor presentation, the Cuprita project is positioned in a well-established mineral belt and has been designated Nobel's top exploration priority. Located approximately 120 kilometers north-northeast of Copiapó and 20 kilometers northwest of Inca de Oro village, the 1,000-hectare project sits near producing mines and benefits from year-round access.

Geological mapping and surface sampling have identified copper oxide minerals such as atacamite, brochantite, and chrysocolla, along with disseminated copper sulfides including bornite and chalcocite. Anomalous copper and molybdenum values in soil surveys further support the porphyry model, and an IP resistivity anomaly approximately 200 meters below surface highlights a potential buried target.

In addition to Cuprita, Nobel holds three other exploration-stage copper assets in northern Chile (Janett, Pampa Austral, and Anais), bringing the total land package to 6,050 hectares. Each project features copper mineralization at surface, and according to the company's investor presentation, acquisition terms allow Nobel to earn 100% ownership over time, with initial payments of US$20,000 per project per year for the first two years and increasing to US$150,000 per year by year four.

Ownership and Share Structure²

Management and Insiders hold 8.38% of Nobel Resources, with Vernon Arseneau holding the most at 3.17%, followed by Michael Lawrence Guy with 1.86%. The rest is retail.

Nobel has 161.68 million outstanding shares, 148.13 million free float shares, a market cap of CA$8.75 million, and a 52-week range of CA$0.02-CA$0.07