In January 2024, QC Copper completed an updated resource estimate based on +1 million metres of core drilling and ~350,000 assays.

Highlights of the Updated Resource Estimate:

• 93% of resource in M&I category. 
• 1.9Bn CuEq lbs @ 0.9% CuEq in pit resources & 334M CuEq lbs @ 1.35% CuEq out of pit resources, for a total global resource of 2.24Bn CuEq lbs @ 0.94% CuEq.
• High grade Starter Pit of 19M tonnes @ 1.09% CuEq offering prospect of accelerated payback & enhanced economics.
• Average open pit grade is ~6X the cut-off, which is 0.15% CuEq.

QC Copper acquired the Springer and Perry properties from Ex-In, who acquired the properties in 1993 and digitized the abundance of data from Falconbridge operations. Falconbridge, between 1953 and 1991, previously mined both the Springer and Perry mines. Together, they produced 23 million tonnes grading 2.4% copper and 0.3 g/t gold. In 2021 QC Copper has completed a 20,000-metre drill program and released a Maiden National Instrument 43-101 mineral resource estimate of 81.7M tonnes @ 0.88% CuEq of M&I Mineral Resources and 21.3M tonnes @ 0.73% CuEq of Inferred Mineral Resources. In January 2024, QC Copper completed an updated resource estimate based on +1 million metres of core drilling and ~350,000 assays.

World-class jurisdiction in Chapais-Chibougamau, Quebec. Quebec offers favourable flow through tax incentives, straightforward permitting and approvals processing, and Quebec’s “Plan Nord” mandated to mining to develop natural resource extraction. The Property is easily accessible via gravel roads, logging roads and ATV trails connected to Chapais-Chibougamau. The region is served by a regional airport, located between Chibougamau and Chapais and two other airports located in Val-d’Or and Rouyn-Noranda, offering regular flights to Montréal, Toronto and the northeastern Canada (Nunavik and Nunavut). Local infrastructure is excellent with grid power at site. In Chapais-Chibougamau, railway access is prevalent with all required infrastructure to transport equipment, supplies and ore to and from local projects.

In the Chapais-Chibougamau district, the geology is composed of late Archean volcanic and sedimentary rocks and economic mineralization consists of syn-volcanic VMS types deposits, syn-magmatic Fe-Ti-V deposits and porphyry environments and syn-deformational copper-gold vein systems associated with structures related to the main deformational event.