Emerging Growth Research Raises Price Target on CopAur Minerals to C$0.37 Following Positive Kinsley Mountain PEA and 52% Resource Expansion

Rhea-AI Summary

CopAur Minerals (COPAF) received an updated Flash Report from Emerging Growth Research, which maintained its Buy rating and raised the 12‑month price target to C$0.37, about 164% above the recent C$0.14 share price.

The change follows a maiden PEA and a 52% Indicated resource increase at the Kinsley Mountain gold project in Nevada, outlining 2028 open‑pit heap leach production, post‑tax NPV5% of US$35 million, 19.7% IRR, and 30,500 oz/year over a four‑year mine life.

Positive

• 12‑month price target raised to C$0.37, implying ~164% upside
• Maiden PEA shows post‑tax NPV5% of US$35M and 19.7% IRR
• Indicated gold resource increased 52% to 742,000 oz at 1.11 g/t Au
• Total gold‑equivalent resources now about 811,000 oz
• Company trades at ~C$20/oz vs peer average ~C$51/oz
• Projected average annual production of ~30,500 oz over four‑year mine life

Negative

• PEA mine life currently limited to about four years
• Pre‑production capex estimated at US$81.8M
• All‑in sustaining costs projected at US$1,861/oz
• Production start in 2028 remains subject to permitting and regulatory approvals

News Market Reaction – COPAF

-12.49%

-12.49% Session close to close

In the Jun 8 session, COPAF declined 12.49%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK CITY, NY / ACCESS Newswire / June 8, 2026 / Emerging Growth Research today announced the release of its updated Flash Report on CopAur Minerals Inc. (TSXV:CPAU), maintaining its Buy rating and increasing its 12-month price target to C$0.37 per share (US$0.26), representing approximately 164% upside from the Company's recent share price of C$0.14.

The updated report follows CopAur's announcement of a maiden Preliminary Economic Assessment (PEA) and updated Mineral Resource Estimate (MRE) for its 100%-owned Kinsley Mountain Gold Project in Nevada. The results represent a significant milestone in the project's advancement from exploration toward development and provide the first formal economic assessment of a potential mine restart.

Key Highlights from the Flash Report

• Maiden PEA Demonstrates Strong Project Economics

The PEA outlines a restart scenario for Kinsley Mountain as an open-pit heap leach operation with anticipated production beginning in 2028, subject to permitting and regulatory approvals. Using a base-case gold price of US$3,200 per ounce, the project generates a post-tax NPV5% of US$35 million, an IRR of 19.7%, and a payback period of approximately 2.5 years.

• Attractive Production Profile and Operating Margins

The PEA forecasts average annual gold production of approximately 30,500 ounces over the project's four-year mine life. Pre-production capital expenditures are estimated at US$81.8 million, while all-in sustaining costs (AISC) are projected at US$1,861 per ounce.

• Updated Resource Estimate Expands Indicated Gold Resources by 52%

The updated Mineral Resource Estimate increased Kinsley's Indicated Resource to 742,000 ounces of gold grading 1.11 g/t Au, representing a 52% increase in contained ounces compared to the previous estimate. The project also hosts an additional 69,000 ounces of gold in the Inferred category.

• Major De-Risking Event Advances Kinsley Toward Development

According to Emerging Growth Research, the completion of the PEA represents a significant de-risking milestone for CopAur. The combination of resource growth, demonstrated project economics, and a viable development pathway transforms Kinsley from a primarily exploration-stage asset into a potentially financeable Nevada gold development project.

• Compelling Relative Valuation

Following the updated resource estimate, CopAur now controls approximately 811,000 gold-equivalent ounces. The Company currently trades at approximately C$20 per ounce of resource, compared to a peer group average of approximately C$51 per ounce. Applying the peer-group multiple supports a revised 12-month target price of C$0.37 per share.

For a copy of the full Initiation Report, please visit:

copaur-minerals-flash-report-6826.pdf

or

https://emerginggrowth.com/profile/copaf/ (on the right side of the page as you scroll down)

About CopAur Minerals Inc.
CopAur Minerals Inc. (TSXV:CPAU) is a gold-focused exploration and development company advancing the 100%-owned Kinsley Mountain Gold Project in Nevada.

About Emerging Growth Research
Emerging Growth Research is an independent equity research firm focused on providing institutional-quality analysis on emerging and growth-stage companies. The firm delivers research designed to enhance transparency, improve investor understanding, and broaden market awareness.

Contact:
Emerging Growth Research
Research@EmergingGrowth.com
www.EmergingGrowth.com

Forward-Looking Statements
This press release contains forward-looking statements concerning business operations, development plans, project economics, mineral resources, permitting timelines, and financial projections. These statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied.

SOURCE: CopAur Minerals Inc.

View the original press release on ACCESS Newswire

FAQ

What price target did Emerging Growth Research set for CopAur Minerals (COPAF) on June 8, 2026?

Emerging Growth Research set a 12‑month price target of C$0.37 per share for CopAur Minerals. According to Emerging Growth Research, this target represents roughly 164% upside to the company’s recent share price of C$0.14.

What are the key economics from the Kinsley Mountain PEA for CopAur Minerals (COPAF)?

The Kinsley Mountain PEA outlines a post‑tax NPV5% of US$35 million and an IRR of 19.7%. According to Emerging Growth Research, the project also has an estimated 2.5‑year payback and average annual production of about 30,500 ounces over four years.

How much did the Kinsley Mountain resource grow in CopAur Minerals’ (COPAF) latest estimate?

The updated Kinsley Mountain Mineral Resource Estimate increased Indicated gold resources by 52% to 742,000 ounces grading 1.11 g/t Au. According to Emerging Growth Research, the project also contains an additional 69,000 ounces of gold in the Inferred category.

What production profile and costs does the Kinsley PEA forecast for CopAur Minerals (COPAF)?

The PEA projects average annual gold production of about 30,500 ounces over a four‑year mine life. According to Emerging Growth Research, pre‑production capex is estimated at US$81.8 million and all‑in sustaining costs are projected at US$1,861 per ounce.

When could CopAur Minerals’ (COPAF) Kinsley Mountain project start production under the PEA scenario?

The PEA envisions Kinsley Mountain restarting as an open‑pit heap leach operation beginning in 2028. According to Emerging Growth Research, this timeline is subject to permitting and regulatory approvals before construction and production can proceed.

How does CopAur Minerals’ (COPAF) valuation per ounce compare to its peers after the Kinsley update?

CopAur is estimated to trade at about C$20 per ounce of resource, versus peers at roughly C$51 per ounce. According to Emerging Growth Research, applying the peer multiple supports the revised C$0.37 12‑month price target.

Why does Emerging Growth Research view the Kinsley PEA as a de‑risking milestone for CopAur Minerals (COPAF)?

Emerging Growth Research views the completed maiden PEA as a major de‑risking step for CopAur, providing first formal economics. According to Emerging Growth Research, the combination of resource growth, defined economics, and a development pathway makes Kinsley a potentially financeable Nevada gold project.