Nine Mile Metals Announces Completion of DDH WD-25-02 and Continues to Confirm (2) Zones of Copper Rich VMS Mineralization at the Wedge Project Drill Program

Rhea-AI Summary

Nine Mile Metals (OTC: VMSXF) reported completion of drill hole DDH-WD-25-02 on December 3, 2025, with the hole reaching 203 m depth and a follow-up hole DDH-WD-25-02B underway.

DDH-WD-25-02, collared on the same pad as WD-25-01 at azimuth 310° and dip -50°, intersected two zones of visible, massive copper-bearing VMS sulphides at 139 m and 155 m (approximate true width 20 m), expanding the mineralized lens about 50 m west along strike. Core was logged, photographed, cut and 55 sections were submitted to Actlabs for base and precious metal analysis including antimony.

Positive

• Intersected massive copper sulphides at 139 m and 155 m
• Approximate true width of mineralized zone: 20 m
• Extension of mineralized lens approximately 50 m west
• Hole completed to 203 m; follow-up hole DDH-WD-25-02B underway
• Submitted 55 core sections to Actlabs for base and precious metal analysis

Negative

• None.

News Market Reaction – VMSXF

+15.48%

1 alert

+15.48% News Effect

On the day this news was published, VMSXF gained 15.48%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Hole depth: 203 m First sulphide zone: 139 m Second sulphide zone: 155 m +3 more

6 metrics

Hole depth 203 m DDH WD-25-02 total depth

First sulphide zone 139 m Depth of first massive copper-bearing VMS intersection

Second sulphide zone 155 m Depth of second massive copper-bearing VMS intersection

Zone true width 20 m Approximate true width of second sulphide zone

Step-out distance 50 m WD-25-02 drilled west of WD-25-01 along strike

Sample sections 55 sections Core sections identified for Actlabs base and precious metals analysis

Market Reality Check

Price: $0.0731 Vol: Volume 293,304 vs 20-day ...

low vol

$0.0731 Last Close

Volume Volume 293,304 vs 20-day average 426,750 (relative volume 0.69). low

Technical Trading above 200-day MA of $0.02 with price at $0.13.

Peers on Argus

Peers showed mixed moves: one up 8.33%, one down 25%, others flat, indicating st...

Peers showed mixed moves: one up 8.33%, one down 25%, others flat, indicating stock-specific reaction rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Drill results update	Positive	+15.5%	Completion of WD-25-02 confirming two copper-rich VMS zones and step-out.
Nov 26	Drill results update	Positive	+58.3%	Completion of WD-25-01 confirming two VMS zones and multiple samples for assay.
Nov 05	XRF results	Positive	+3.7%	Phase 3 XRF program reporting multiple high-grade copper readings from Wedge project.
Nov 03	Drill mobilization	Positive	+23.3%	Mobilization of drill rig to test western extension and depth with up to 7 holes.
Oct 29	Private placement	Neutral	-5.9%	Oversubscribed $400,000 flow-through placement funding NB exploration with attached warrants.

Pattern Detected

Exploration and drilling updates have generally been followed by positive price reactions, while financing news saw a modest pullback.

Recent Company History

Over the last six weeks, Nine Mile Metals advanced the Wedge project with drill mobilization on Nov 3, high‑grade Phase 3 XRF readings on Nov 5, and completion of key holes WD‑25‑01 on Nov 26 and WD‑25‑02 on Dec 3. These technical updates often coincided with gains of up to 58.33%. A $400,000 oversubscribed flow‑through private placement on Oct 29 drew a mildly negative reaction, contrasting with stronger responses to exploration results.

Market Pulse Summary

The stock surged +15.5% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +15.5% in the session following this news. A strong positive reaction aligns with the stock’s history of sizable moves on Wedge project updates, such as gains of 58.33% and 23.28% after prior drill and mobilization news. The confirmation of multiple copper-rich VMS zones and continued step-outs has previously been rewarded. However, financing events have drawn weaker responses, suggesting that future capital raises or operational setbacks could temper enthusiasm and lead to sharp reversals.

Key Terms

chalcopyrite, bornite, covellite, sphalerite, +1 more

5 terms

chalcopyrite technical

"Chalcopyrite (CuFeS2) occurs as masses, streaks and blebs"

Chalcopyrite is a common copper-bearing mineral (a copper-iron sulfide) that often looks brassy yellow and is the main source of mined copper worldwide. For investors, its presence and abundance in a rock deposit determine how much recoverable copper a mine can produce and how profitable extraction will be — think of chalcopyrite as the concentrated ingredient that makes an ore body valuable and worth developing.

bornite technical

"Local bornite (Cu5FeS4) and Covellite (CuS) is visibly present"

Bornite is a common copper-bearing mineral that appears as metallic, often iridescent rock and is an important source of copper ore in mining. Investors care because the presence and concentration of bornite in a deposit affect how much copper can be economically extracted—similar to finding a larger bucket of usable metal in the ground—and therefore influence project value, production forecasts, and sensitivity to copper prices.

covellite technical

"Local bornite (Cu5FeS4) and Covellite (CuS) is visibly present"

A covellite is a naturally occurring copper sulfide mineral that appears dark blue to black and commonly forms in copper-rich veins or layers underground. For investors, its presence signals concentrated copper in a deposit — like finding a dense pocket of coins in a sandbox — which can raise the potential value of a mining project by lowering extraction costs and influencing what processing and environmental steps are needed.

sphalerite technical

"well banded with sphalerite (Zn) the dominant sulphide."

Sphalerite is a mineral made mostly of zinc sulfide and is the main source of zinc mined worldwide; it can contain varying amounts of iron and appears in a range of colors. Investors care because the quantity and quality of sphalerite in a deposit determine how much zinc can be produced and at what cost, which influences zinc supply, industrial demand and commodity prices — similar to how the size and quality of an apple crop affect juice producers' costs.

xrf technical

"A quick XRF analysis was also completed for sulphide confirmation"

X-ray fluorescence (XRF) is a non-destructive lab technique that uses X-rays to identify and measure the elements in a material, like reading the elemental 'fingerprint' of a rock, metal part, or product. Investors care because XRF helps confirm the quality, composition and value of raw materials, ores or manufactured goods quickly and cheaply, which can affect mining grades, production costs, regulatory compliance and the valuation of companies tied to those materials.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - December 3, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce that the 2^nd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02) has been completed and is in progress on its 3^RD hole (DDH-WD-25-02B).

• DDH WD-25-02 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 50 meters west of Hole WD-25-01, increasing the mineralized zone along strike, to the west. (Figure 3). The hole completed at 203m at depth.
• DDH WD-25-02 was successful, intersecting massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au).
• Massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) were found associated with the contact breccia at 139m depth with a second zone of massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) intersected at 155 meters, having an approximate true width of 20 meters.
• The sulphide mineralogy in WD-25-02 is readily visible, especially the massive copper mineralization, as shown in Figures 1 & 2. Chalcopyrite (CuFeS₂) occurs as masses, streaks and blebs while more local Pb-Zn mineralization is well banded with sphalerite (Zn) the dominant sulphide. Local bornite (Cu₅FeS₄) and Covellite (CuS) is visibly present, the bornite displays its characteristic "Purple Peacock Copper Bloom" and Covellite its "Blue Copper", as seen in Figure 1.
• All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation - filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections have been identified for Base and Precious Metals analysis, including Antimony, for Actlabs, Fredericton, New Brunswick.

FIGURE 1: Visible Massive Copper Mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu₅FeS₄ ).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_nine%20mile%20figure%201.jpg

FIGURE 2: Visible Massive Copper Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_005full.jpg

FIGURE 3: Modeled Plates and Drill Holes WD-25-01 and WD-25-02

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_006full.jpg

Gary Lohman, VP Exploration, Director, stated, "We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich. Very positive to confirm the thickness of this plate intersection as we stepped approximately 50m west of DDH-WD-25-01. Our data modelling suggests a 3^rd potential Zone of mineralization which Mike Dufresne of Apex Geoscience is modeling and designing (2) potential Drill holes to test that prospective Zone from the western flank area, thus avoiding a sheer zone from the south. We look forward to moving to the Northwest area of this extension program."

Patrick J. Cruickshank, MBA, CEO & Director, stated, "Once again, we have intersected quality mineralization at the desired Target Plates at DDH-25-02, as designed and set out by our Technical Team. The visible mineralization and copper rich sulphides is just spectacular. The presence of Bornite and Covellite is a strong indicator of the quality of this deposit. This western flank area is being confirmed as a rich Copper Lens, one hole at a time. We are on track to increase the Wedge Mine's mineralized footprint to the west and at depth. The next drill hole in our campaign is DDH-WD-25-02B, which is underway and we look forward to sharing our next summary update shortly."

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East - West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF NINE MILE METALS LTD.

"Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276702

FAQ

What did Nine Mile Metals (VMSXF) announce on December 3, 2025 about the Wedge drill program?

Nine Mile completed DDH-WD-25-02 to 203 m, intersecting two copper-rich VMS zones at 139 m and 155 m, and is drilling DDH-WD-25-02B.

How wide and where were the mineralized zones found in DDH-WD-25-02 for VMSXF?

The release reports an approximate true width of 20 m for the mineralized zone and that the hole stepped about 50 m west of WD-25-01.

What samples from the VMSXF Wedge hole DDH-WD-25-02 were sent for assay and to whom?

A total of 55 core sections were identified for base and precious metals analysis, including antimony, and sent to Actlabs, Fredericton.

Which copper minerals were visually reported in Nine Mile Metals' DDH-WD-25-02 core?

Visible sulphides reported include chalcopyrite, bornite (noted "purple peacock" bloom), covellite, and banded sphalerite.

What is the next step in Nine Mile Metals' Wedge Western Extension drill campaign (VMSXF)?

The company is drilling DDH-WD-25-02B and planning two additional holes to test a modeled third prospective zone on the western flank.