CopperCorp Mobilizes Second Drill Rig to Jukes Prospect

Rhea-AI Summary

CopperCorp (OTCQB: CPCPF) mobilized a second diamond drill rig to the Jukes Cu-Au prospect on its 100% owned Razorback property in western Tasmania to accelerate a planned ~2,000 metre Phase 2 program. The company completed hole JDD003 to 254.9m and dispatched samples for assay (results expected in 3–4 weeks). Hole JDD004 is in progress at ~192m targeting 350m and represents the first test of the eastern IP chargeability corridor. Drill rig HDD001 at Hydes was completed to 632.5m and is being mobilized to Jukes; Hydes surface programs and possible later drilling are planned.

Positive

• Phase 2 size ~2,000 metres planned
• Hole JDD003 completed to 254.9m with assays submitted
• Hole JDD004 in progress at ~192m targeting 350m
• Hydes hole HDD001 completed to 632.5m
• Jukes footprint at least 700m long and 400m wide; mineralization >500m vertical

Negative

• Assay results for JDD003 pending, creating short‑term uncertainty (expected 3–4 weeks)
• Drill rig moved from Hydes to Jukes, delaying further Hydes drilling until improved ground conditions

Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce the mobilization of a second diamond drill rig to fast-track drilling at the Jukes Cu-Au prospect on its 100% owned Razorback property in western Tasmania, Australia (Figures 1 and 2).

Following the recent commencement of the planned 2,000-metre Phase 2 diamond drilling program at Jukes¹, samples from the first drill hole (JDD003) have been submitted for assay, with results expected within 3-4 weeks. A second hole is currently in progress at Jukes, and a third hole is scheduled to commence shortly with the mobilization of a second drill rig from the Hydes prospect to accelerate the Phase 2 program.

Jukes Phase 2 Drilling Update

The Phase 2 diamond drilling program at the Jukes prospect comprises five planned holes for a total of approximately 2,000 metres. The program is designed to expand the known Jukes mineralization footprint and to test high-priority induced polarization (IP) and geochemical targets along strike from the 2024 Phase 1 drilling. The scope of the program may be expanded depending on the results of the initial drill holes.

The first drill hole of the Phase 2 program, JDD003, has been completed to a depth of 254.9 metres. Samples have been dispatched for assay, with analytical results anticipated within 3-4 weeks.

Drill hole JDD004, collared from the same pad as JDD003, is currently in progress at a depth of approximately 192 metres, with a planned final depth of 350 metres. JDD004 is targeting the eastern IP chargeability corridor at Jukes and represents the first ever drill test of this zone. JDD004 core logging and processing are progressing well, with initial samples prioritized for dispatch to the laboratory in the coming week.

A second drill rig is currently being mobilized to Jukes and is expected to commence drilling in the coming days.

Hydes Drilling Update

Drill hole HDD001 was completed to a final depth of 632.5m and is currently being processed for sampling and assays. In line with the Company's decision to advance drilling at the Jukes prospect, the drill rig is now being mobilized to that location.

Geophysical surveys, including pole-dipole IP and AMT programs, are completed at Hydes, with data currently undergoing processing and interpretation. Ground-based geological mapping and surface sampling programs are planned to follow up on preliminary targets identified from the geophysical survey results. Depending on the outcomes of these surface programs, there is potential for drilling to recommence at Hydes later in the summer field season, under improved weather conditions.

Stephen Swatton, President and CEO of CopperCorp, commented:

"We are at a pivotal moment in CopperCorp's 2025 phase 2 drill program. Encouraged by the drill core that we have seen from Jukes we have decided to focus our current efforts at this location. Jukes rock lithology has strong geological analogies to certain units or 'pipes' that were mined at the 100-year-old Mt Lyell mine, in particular the large Prince Lyell orebody, which is currently one of the pipes under review for potential further exploitation by Sibanye-Stillwater. CopperCorp is also gearing up its efforts in the field to ground-truth other priority targets within the Razorback and Skyline licenses. We expect to return to drill additional holes at Hydes later in the season when ground conditions improve and we are also considering drilling at the Linda prospect in 2026 subject to further review."

Jukes Prospect Overview

The Jukes prospect is located within the 100% CPER owned Razorback property, 10km south of the Sibanye-Stillwater owned Mt Lyell copper-gold mining camp (3Mt contained copper and 3Moz contained gold).

Jukes is characterized by strong IP chargeability, magnetic, and geochemical anomalies forming a prospective footprint at least 700m long (open) and 400m wide, with Cu-Au mineralization confirmed from surface to depths exceeding 500m vertically¹.

CopperCorp's successful 2024 Phase 1 drilling campaign, tested only the southern edge of this extensive mineralised footprint, yet delivered strong Cu-Au intercepts, including:

JDD001^2,3:

• 132.0m @ 0.35% Cu and 0.19g/t Au from 72.0m, including

  • 25.0m @ 0.75% Cu and 0.4g/t Au from 72.0m,

  • 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m, and

  • 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m

JDD002W1²:

• 50.0m @ 0.66% Cu and 0.27g/t Au from 498.0m, including

  • 20.0m @ 0.76% Cu and 0.17g/t Au from 498.0m; and

  • 19.0m @ 0.86% Cu and 0.48g/t Au from 529.0m, including

    • 2.05m @ 4.2% Cu and 1.66g/t Au from 545.4m

Historical underground adit channel sampling by CopperCorp also includes:

Jukes No.3 Main Adit (channel sampling)⁴:

• 31.0m @ 1.48% Cu and 0.83g/t Au, including

  • 9.0m @ 2.92% Cu and 1.79g/t Au

Figure 1. Southern Skyline Project properties and exploration target areas with magnetics TMI RTP image.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8950/273939_b5c20e5094e3b9fc_002full.jpg

Figure 2. Location of the Razorback property and the Jukes Zone target area relative to the Mt Lyell copper-gold mine. Cyan blue outlines are CopperCorp's 100% owned licenses.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8950/273939_b5c20e5094e3b9fc_003full.jpg

Figure 3. Oblique plan view of the Jukes prospect showing Scintrex 1982 gradient array IP survey chargeability (psuedocolour image) with recent pole-dipole (P-D) IP 2D chargeability model sections, summary drill hole and adit channel sampling mineralized intercepts, and current Phase 2 completed, in-progress and planned drill holes (blue).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8950/273939_b5c20e5094e3b9fc_004full.jpg

About CopperCorp

CopperCorp is a TSX.V listed (TSXV: CPER) exploration company focused on the exploration and development of its Skyline, and AMC copper-gold-REE projects in western Tasmania. Refer to the CopperCorp website at www.coppercorpinc.com for further information.

Qualified Person & National Instrument 43-101 Disclosure

The technical and scientific information in this news release has been reviewed and approved by Sean Westbrook, Vice President Exploration for CopperCorp, who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Information on historical and recent prospecting, mining, and exploration activities at the Skyline Project group of properties contained within this news release has been reviewed and verified by the Qualified Person. In the opinion of the Qualified Person, sufficient verification of historical and new data has been undertaken to provide sufficient confidence that past exploration programs were performed to adequate industry standards and the data reported is fit for substantiating the prospectivity of the project in general, supporting the geological model/s proposed, planning exploration programs, and identifying targets for further investigation.

This news release may contain information about adjacent properties on which the Company does not have an interest. The Qualified Person has not verified the information, and it is not necessarily indicative of the mineralization on the Company's properties.

References

¹CPER: TSXV News Release 14^th October 2025
²CPER: TSXV News Release 19^th December 2024
³CPER: TSXV News Release 15^th October 2024
⁴CPER: TSXV News Release 13^th May 2024

Adjacent Property (Mt Lyell) Information Sources:
Sibanye-Stillwater company website information as of May 12^th 2024
New Century Resources: ASX Announcement 23^rd January 2023
New Century Resources: ASX Announcement 27^th October 2021
Seymour, D.B., Green, G.R., and Calver, C.R. 2007. The Geology and Mineral Resource of Tasmania: a summary. Geological Survey Bulletin 72. Mineral Resources Tasmania, Department of Infrastructure, Energy and Resources Tasmania

Contact:
Stephen Swatton
President, CEO & Director
stephen@coppercorpinc.com

Additional information about CopperCorp can be found on its website: www.coppercorpinc.com and at www.sedarplus.ca.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating the Company's expectations and plans regarding the Skyline Project, Razorback property and the Jukes and Hydes prospects in Tasmania; plans for future exploration and drilling at the Jukes and Hydes prospects and the timing of same; the merits of the Company's mineral projects and other plans of the Company. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "encouraging", "expects", "plans", "anticipates", "believes", "interpret", "intends", "estimates", "projects", "aims", "suggests", "often", "target", "future", "likely", "pending", "potential", "goal", "objective", "prospective", "possibly", "preliminary" and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and that such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Factors that could cause future results to differ materially from those anticipated in forward-looking statements include risks associated the timing and outcome of the approval process for planned drill programs; that the Company may experience difficulties in exploration and drilling and carrying out related work; the timing and content of upcoming work programs; geological interpretations based on geophysical and drilling data that may change with more detailed information; possible accidents; the possibility that the Company may not be able to secure permitting and other governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with the Company's expectations; increases in costs; environmental compliance and changes in environmental and other local legislation and regulation; interest rate other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the Company's Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of risk factors and their potential effects.

Forward-looking statements are based on a number of assumptions, including management's assumptions about the following: the availability of financing for the Company's exploration activities; operating and exploration costs; the Company's ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental approvals; market competition; and general business and economic conditions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273939

FAQ

What drilling progress did CopperCorp (CPCPF) report on November 11, 2025?

CopperCorp mobilized a second drill rig to Jukes, completed JDD003 to 254.9m, and has JDD004 in progress at ~192m.

How large is the CopperCorp Jukes Phase 2 drill program (CPCPF)?

Phase 2 comprises five planned holes for approximately 2,000 metres, with scope to expand depending on results.

When will assays from CopperCorp hole JDD003 (CPCPF) be available?

Samples from JDD003 were dispatched and analytical results are anticipated within 3–4 weeks.

What were key historical intercepts at Jukes referenced by CopperCorp (CPCPF)?

Notable intercepts include 132.0m @ 0.35% Cu, 0.19 g/t Au and 50.0m @ 0.66% Cu, 0.27 g/t Au from prior drilling.

Why was the Hydes rig moved and what is the Hydes status for CopperCorp (CPCPF)?

The Hydes rig (HDD001 completed to 632.5m) was mobilized to Jukes to accelerate Phase 2; Hydes surface programs and possible later drilling are planned when conditions improve.

What target is JDD004 testing for CopperCorp (CPCPF)?

JDD004 targets the eastern IP chargeability corridor and is the first-ever drill test of that zone.