Getty South

Getty South is a breccia-hosted copper system located approximately 3 km south of Getty North, with a history of underground development and drilling including at the historical Trojan Mine. While historical work defined widespread mineralization, parts of that dataset are considered unreliable by modern standards, highlighting an opportunity for re-evaluation.

Location

Getty South is situated in British Columbia’s Highland Valley, within close proximity to Getty North and adjacent to Teck’s Highland Valley Copper Mine. The project benefits from excellent infrastructure, established access, and a well-developed mining district.

Geology

The deposit is hosted in an elliptical breccia body approximately 300 m by 600 m in size, hosting both oxide and sulphide copper mineralization. Historical trenching returned strong near-surface results, including 80 m @ 1.06% Cu in a higher-grade oxidized zone along the eastern margin. An IP geophysical anomaly beneath the western margin of the breccia, indicates potential for additional mineralization at depth.

Oxide mineralization is amenable to leaching, with recoveries up to ~80%+ in historical column tests and rapid recovery potential using continuous vat leaching.

Sulphide mineralization responds well to conventional flotation, producing high-grade copper concentrates.

Exploration

Getty South has seen substantial historical work, including:

132 drill holes (~20,734 m) including 3,615 m drilled by Getty Copper
1,775 m of underground development (not currently accessible)
Extensive trenching, geophysics (IP and magnetics), and geochemical surveys

Despite this, very limited recent drilling has been completed. Much of the historical resource is based on 1960s data and 1990s geological modelling which may have resulted in grade smearing.

Current efforts are focused on a comprehensive drill targeting review, aimed at validating historical results and defining new, high-confidence drill targets.

Summary of Getty Indicated and Inferred Mineral Resource Estimate

Summary of Getty Probable Mineral Reserve Estimates

Note: Molybdenum credits were not included in calculating reserves or resources and the molybdenum estimated grade is provided for additional information only.

The resource and reserve estimates herein are derived from the 2010 Prefeasibility Study. Effective date: May 3rd 2010. The Company has not updated the study, and the estimates should not be treated as current mineral resources or reserves.