Ian Harris

So it's not a coincidence. We just had elections in Colombia. We'll have a new president in August. We passed a billion tons.

the first thing we have to do is show how it can get over a billion tons

we just did an updated resource based on a last year worth of drilling and we basically doubled the size of the resource. We came out with a 1.1 billion ton resource at a and grade is critically important at a 0.51.

Having 190 million tons at a 0.94 average grade indicates pretty well that we could also create a very productive project in the early years.

we're looking at about 600 million tons and the target could add an additional 1 to, you know, 1.5 billion tons

We'd like to convert a lot of it from indicated into measured and and indicated.

people say this can continue to be bigger, but it's now in a new club

the target could add an additional 1 to, you know, 1.5 billion tons, right?

they say a real copper equivalent uh which could have 10 million tons of contained metal

It's not just the billion tons. It's it's near surface.

It's in the same Jurassic belt as Mirador.

Makoa is a near surface deposit. It's at lower elevation and near infrastructure.

The average grade is uh 0.51 copper equivalent putting it in one of the highest grade near surface deposits.

We came out with a 1.1 billion ton resource at a and grade is critically important at a 0.51.

as the news of today and and right now it's you know early morning market open on on on Monday morning we're already up 30%. Um based on the news we just put out but uh I can I can guarantee everyone that this is a this is a valuation that should be five or 10 times higher than where it is today

you guys just announced $5 million financing

We've been drilling for 18 months straight without a without a hitch, but that's because that ground roots work has been done.

we are focusing on getting done now for the next stage, which would be a PFS. So, already doing all that work to make sure that the momentum carries towards the project.

We have three drills running. We're looking at adding another one. Lots of drill results, PEA, and the results associated, metallurgical, others.

We've done 3 years of baseline.

Um we're doing about 23,000 m this year and I would expect that would be fairly consistent um as we move forward

Q4 2026 that we have a PEA likely accompanied by a resource statement of 43-101 quality

In 12 months we've doubled the total metal contained with 70% more tons, 15% and these are round numbers. So it's, you know, more or less 70% more tons, 15% more um grade and over 100% increase in the total metal contain.

we're showing the commitment on how we could get this 14,000 meter program done by the end of the year

Looking at the next resource estimate and really saying we're trading for 2 cents per pound in the ground

You have that PEA coming out end of year. Talk to me about that and all the other good stuff happening.

our goal and our schedule is to get it out in Q4

So it's not a coincidence. We just had elections in Colombia. We'll have a new president in August.

The Jurassic belt is underexplored in Colombia

Another big one, you could you could argue that there's been overhang because of Colombia, but we're coming up on elections and you know, you can only run one term in Colombia.

we have elections in May of next year

We've signed agreements with the First Nation closest to the project. We've had one in place with the community for over 3 years now.

we have been able to redefine the forestry reserve, we've been able to consolidate our concession package

we have no no reserve within our concession package. That is requires political will

We have elections coming up in May, which should be transformational for the company and something we're navigating with that long-term vision we had.

Southern Colombia, Putumayo in particular, where it interfaces with Ecuador

I'm a mining engineer. I started my career early at Saint Cristobal with Washington Group and that startup we were in charge of the mine.

I was the president of Echo Cororiente and and so as senior senior vice president and country manager of a company called Coriente Resources and Coriente Resources was in Ecuador and it also went through its troubled times what we delivered right we delivered by delivering and selling for 690 million I stayed on as chief chief engineer and over a year we started the construction of that project and became the first industrial scale mine in the history of Ecuador.

there's only been six big copper companies built big copper projects built over the last 10 years and so we were involved in two of them is getting them across the finish line

Frank Frank Giustra, the largest shareholder of the company, is Mr. Mr. Timing.

Frank came, Frank Jster came into the company. He's now the largest shareholder.

we're doing the um the hydrogeological work, the geotechnical work, all these types of things and and even acid characterization

We've done the metallurgical test work.

I remember I was sitting across my other favorite copper project at the time which by the way on a dollars for for cents in the ground is one of the most undervalued copper projects.

we're trading for2 cents per pound in the ground where our nearest competitors are about a penny per pound in the ground