Colin Joudrie

these mineral lenses of which there's about 66 that we're working on within the system here

I don't have a numerical answer for you, but think it's probably in the 20 to 30% range beyond what we published in August of of 2025

The company has already completed more than 52,000 meters of drilling at the Mento mine

in the first few weeks of drilling, we probably almost doubled the size of that zone

the data and the information is rich, over 390,000 m of drilling in a relatively dense area

there's over 85 lenses that we're advancing right now today. Each one is basically the same basic description

They issued an updated mineral resource estimate technical report in August of this year which showed a 48% increase in contained metal from the previous estimates.

We are a restart story. We're a copper gold silver mine opportunity

Our go-forward plan is integrated open pit and underground

an underloved, underattended former copper, gold, silver producer

the primary ore bodies that make up this deposit are quite unique. Um this is essentially a series of lenses that have been structurally disrupted, but they consist of uh chalcopyrite and bornite almost uniquely.

we can get to that targeted 12 to 15-year mine life

So all combined we've just got just shy of 900 million pounds of copper in the ground about 500,000 ounces of gold and about 2.8 8 million ounces of silver.

where you're getting decameter, like 10, 15 m intervals of 6 to 10% copper, that by definition is not just rare.

Over $330 million has been spent in the above ground infrastructure, processing plant, um you know, all the sort of ancillary support buildings

Our cost objective again is middle of the cost curve, which is right around $3 net of byproduct credits for copper

Our planning prices are 460 copper, $3,300 gold, $40 per oz silver

recently closed an upsized $30 million bot deal financing

Some participated in our very first financing. Some couldn't because it was a a sub receipt financing and and they weren't allowed. But, they have come into this round

We we want to be in in a position where the feasibility study and all of the information is integrated into that study by mid next year, so mid 2027

we've done all the math that we can on the existing 52,000 m that we finished in early April

submission of the amended permits in October

We're still got another about 30% of the assay still to come from that program

as recently as May of 2023, got into a bad situation, went bankrupt, and then was acquired out of bankruptcy

So, a year from now, what we'll have is we'll have a fully updated mineral resource estimate.

We'll have updated uh mine plans. There'll be both open pit and underground mine plans.

And ideally, we'll have a preliminary economic in assessment that will be completed that will inform that investment decision. So, ideally by October next year

copper gold silver mine opportunity that's targeting a restart of production of a high quality copper gold concentrate by mid-2028

we're on track for production in mid-2028.

we've got a couple years here to work through this, but then go straight back into production and be producing that sort of highly valued copper, gold, silver concentrate

in the next month or so, we're going to see the first economics on this asset since 2021 with an updated preliminary economic assessment

the partnership with Selkerk First Nation, which indirectly holds a controlling equity stake in the company

we're working in a unique situation with the First Nation, Selkirk First Nation, which is a majority equity interest stakeholder in our company

the First Nation who will be a significant shareholder in the asset, but also want responsible and sustainable development, which is what we want, and they're going to be working with us to move forward to help permit the next stage of this mine life

a potential restart of the mine in Yukon

we have the next copper producer in the Yukon.

be the first majority indigenous owned mining company in Canada.

a potential restart of the mine in Yukon

we have the next copper producer in the Yukon.

basically the Yukon government took ownership over it and then that brings us to Selkerk uh Copper today.

submission of the amended permits in October

this is where you invest your own uh capital, which I've done

Retired in 2004... and then this opportunity presented itself to me in June of 2025.

I'm a geoscientist by trading. I started my career in the Canadian North. I I joined a company called Cameco Limited back in the 1980s, late 1980s... from 2011 to 2024, I was the vice president of corporate and business development.

We hit economic grade mineralization in 87% of the 175 drill holes that we completed

This will be the first time at this asset that we the operator will actually own all of the gold, the copper and silver in the ore.

the recoveries here are exceptionally high, 91% copper recovery over life of mine, and they really didn't even try very hard.

Selkirk First Nation, which is a majority equity interest stakeholder in our company, the first time in a publicly traded mining company in the world.

the First Nation who will be a significant shareholder in the asset

listed on the TSX Venture Exchange under SCMI