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Minsur Terminates its Option to Acquire the Lara Copper Project in Peru

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Lara Exploration (OTC: LRAXF) announced that Minsur S.A. has notified the company of its intention to relinquish its option to acquire the 45%-owned Lara Copper Project in southern Peru.

The Lara Copper Project hosts a partly defined copper-molybdenum porphyry with 9,850 metres of drilling completed, a mineralized footprint of approximately 2,000 metres east–west and 500–800 metres north–south, and historical drill highlights including 108 m @ 0.81% Cu, 0.015% Mo (LA-10-32) and 218 m @ 0.57% Cu, 0.042% Mo (LA-10-35).

Technical disclosure was approved by Lara's VP Exploration, a qualified person under NI 43-101.

Lara Exploration (OTC: LRAXF) ha annunciato che Minsur S.A. ha informato la società della sua intenzione di rinunciare alla sua opzione per acquisire il Progetto di rame Lara detenuto al 45% nel sud del Perù.

Il Progetto di rame Lara ospita un porfiro di rame-molibdeno parzialmente definito con 9.850 metri di trivellazioni completate, un’impronta mineralizzata di circa 2.000 metri da est a ovest e 500–800 metri da nord a sud, e spunti di trivellazione storici tra cui 108 m @ 0,81% Cu, 0,015% Mo (LA-10-32) e 218 m @ 0,57% Cu, 0,042% Mo (LA-10-35).

La divulgazione tecnica è stata approvata dal VP Exploration di Lara, una persona qualificata ai sensi NI 43-101.

Lara Exploration (OTC: LRAXF) anunció que Minsur S.A. ha notificado a la empresa su intención de renunciar a su opción de adquirir el Proyecto Lara Copper, del 45% de propiedad en el sur de Perú.

El Proyecto Lara Copper alberga un porfiro de cobre-molibdeno parcialmente definido con 9.850 metros de perforación completados, una huella mineralizada de aproximadamente 2.000 metros de este a oeste y 500–800 metros de norte a sur, y puntos destacados de perforación históricos que incluyen 108 m @ 0,81% Cu, 0,015% Mo (LA-10-32) y 218 m @ 0,57% Cu, 0,042% Mo (LA-10-35).

La divulgación técnica fue aprobada por el VP de Exploración de Lara, una persona calificada conforme NI 43-101.

Lara Exploration (OTC: LRAXF)은 Minsur S.A.가 남부 페루의 45% 소유 Lara 구리 프로젝트를 인수하기 위한 옵션을 포기하겠다는 의사를 회사에 통지했다고 발표했다.

Lara 구리 프로젝트는 9,850m의 시추가 완료된 부분적으로 정의된 구리-몰리브덴 포피로리이며, 광물화 범위는 대략 동서로 2,000m이고 남북으로 500–800m이며, LA-10-32에서 108 m @ 0.81% Cu, 0.015% Mo, LA-10-35에서 218 m @ 0.57% Cu, 0.042% Mo의 역사적 시추 하이라이트를 포함한다.

기술 공시는 NI 43-101에 따라 자격 보유자로 간주되는 Lara의 VP Exploration에 의해 승인되었다.

Lara Exploration (OTC: LRAXF) a annoncé que Minsur S.A. a informé la société de son intention de renoncer à son option d'acquérir le projet Lara Copper détenu à 45% dans le sud du Pérou.

Le projet Lara Copper abrite un porphyre de cuivre-molybdène partiellement défini avec 9 850 mètres de forages réalisés, une empreinte minéralisée d'environ 2 000 mètres est-ouest et 500–800 mètres nord-sud, et des points forts de forage historiques incluant 108 m à 0,81 % Cu, 0,015 % Mo (LA-10-32) et 218 m à 0,57 % Cu, 0,042 % Mo (LA-10-35).

La divulgation technique a été approuvée par le VP Exploration de Lara, une personne qualifiée selon NI 43-101.

Lara Exploration (OTC: LRAXF) gab bekannt, dass Minsur S.A. dem Unternehmen mitgeteilt hat, beabsichtigt zu verzichten auf seine Option, das 45%-Beteiligte Lara Kupferprojekt im Süden Perus zu erwerben.

Das Lara-Kupferprojekt beherbergt ein teilweise definiertes Kupfer-Molybdän-Porphyr mit 9.850 Metern Bohrungen, einer mineralisierten Ausdehnung von ca. 2.000 Metern von Ost nach West und 500–800 Metern von Nord nach Süd, sowie historischen Bohrhöhepunkten einschließlich 108 m bei 0,81 % Cu, 0,015 % Mo (LA-10-32) und 218 m bei 0,57 % Cu, 0,042 % Mo (LA-10-35).

Die technische Offenlegung wurde von Laras VP Exploration genehmigt, einer qualifizierten Person gemäß NI 43-101.

Lara Exploration (OTC: LRAXF) أعلنت أن مينسور إس.أيه أبلغت الشركة بنيتها التخلي عن خيارها لشراء مشروع لارا للنحاس المملوك بنسبة 45% في جنوب بيرو.

يحتوي مشروع لارا للنحاس على بورفير نحاس-موليبيدنوا جزءياً محدد مع 9,850 مترًا من الحفر المنجز، وبصمة معدنية تقارب 2,000 متر من الشرق إلى الغرب و500–800 متر من الشمال إلى الجنوب، وعلى أبرز نتائج حفر تاريخية تشمل 108 م عند 0.81% Cu، 0.015% Mo (LA-10-32) و218 م عند 0.57% Cu، 0.042% Mo (LA-10-35).

تمت الموافقة على الكشف الفني من قبل نائب رئيس الاستكشاف في لارا، وهو شخص مؤهل وفق NI 43-101.

Positive
  • Completed 9,850 metres of diamond and RC drilling
  • Mineralized footprint ~2,000 m by 500–800 m
  • Drill intercept 218 m @ 0.57% Cu, 0.042% Mo (LA-10-35)
Negative
  • Minsur notified it will relinquish its option to acquire the 45% owned Lara Copper Project

Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - Lara Exploration Ltd. (TSXV: LRA) (OTC Pink: LRAXF), ("Lara" or the "Company") advises that its has been notified by Minsur S.A. ("Minsur") of its intention to relinquish its option to acquire the Company's 45%-owned Lara Copper Project in southern Peru.

The Lara Copper Project comprises mineral rights covering a partly defined copper-molybdenum porphyry deposit, located in the Laramate Province of the Ayacucho Department, approximately 40km inland from the town of Palpa on the Panamerican Highway. To date 9,850 metres of diamond and reverse circulation drilling have been completed, outlining a mineralized footprint of 2,000 metres east to west and between 500 metres and 800 metres north to south.

Lara diamond drilling highlights include:

  • LA-10-32 which intercepted 108 meters at 0.81% Cu and 0.015% Mo.
  • LA-10-35 intercepted 218 meters at 0.57% Cu and 0.042% Mo.

Drilling results from the Lara Project were previously disclosed by Lara in news releases dated January 21, 2008, January 31, 2011 and February 28, 2012, which can be found in the News and Projects sections of the Company website (www.laraexploration.com) and filed on SEDAR+ (www.sedarplus.ca).

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

About Lara Exploration

Lara is an exploration company, advancing its 100%-owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil, with an open pitable Mineral Resource detailed in a NI 43-101 Technical Report filed on October 17, 2024. Scoping studies completed in 2025 are detailed in NI 43-101 Preliminary Economic Assessment, results of which were published on October 21, 2025. Lara follows the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
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/273911

FAQ

What did Lara Exploration announce about the Lara Copper Project (LRAXF) on November 10, 2025?

Lara announced that Minsur notified the company of its intention to relinquish its option to acquire the 45%-owned Lara Copper Project.

How much drilling has been completed at the Lara Copper Project (LRAXF)?

A total of 9,850 metres of diamond and reverse circulation drilling have been completed.

What are the key drill highlights from the Lara Copper Project reported by Lara (LRAXF)?

Notable historic intercepts include 108 m @ 0.81% Cu, 0.015% Mo (LA-10-32) and 218 m @ 0.57% Cu, 0.042% Mo (LA-10-35).

What is the size of the mineralized footprint at the Lara Copper Project (LRAXF)?

The mineralized footprint is reported at approximately 2,000 metres east–west and 500–800 metres north–south.

Who verified the technical information for Lara Exploration's Lara Copper Project (LRAXF)?

Technical disclosure was approved and verified by Michael Bennell, Lara's VP Exploration, as a qualified person under NI 43-101.
Lara Exploration

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