Annonce • May 11

Ngex Minerals Reports Phase 4 Lunahuasi Drill Program Results Highlighting Size, Grade, and Upside

NGEx Minerals Ltd. reported its results for the three months ended March 31, 2026. The Company's Phase 4 drill program at Lunahuasi is now complete, with a total of 27,318 metres drilled in 32 holes. Phase 4 assay results received to date have continued to demonstrate the deposit's scale and high grades, particularly in the Mars and Saturn zones. Notable intersections released during the first quarter of 2026 include: Mars zone: DPDH054, which intersected 94.00 metres at 8.99% copper equivalent ("CuEq"), including 21.70 metres at 31.92% CuEq; and Saturn zone: DPDH051, which intersected 327.40 metres at 3.74% CuEq and DPDH059, which intersected 335.15 metres at 4.08% CuEq. Final Phase 4 assays, representing approximately 50% of the drilling completed, are expected to be released as received until the third quarter of 2026. Phase 4 drilling has also confirmed and begun to define two new high-grade zones, which reaffirm a key feature of the Lunahuasi system: the occurrence of multiple mineralized zones and multiple overlapping styles of mineralization. At the northern limit of the current drill pattern, DPDH058 intersected 109.00 metres at 3.37% CuEq, including 6.00 metres at 14.53% CuEq; and 300m east of the Mars zone, geotechnical hole DPGT004 intersected 23.10 metres at 4.71% CuEq including 4.20 metres at 17.94% CuEq. In March 2026, NGEx Minerals received approval from the Mining Authority of San Juan Province, Argentina, for a proposed exploration adit at the Lunahuasi project. Approval of the Environmental Impact Statement for the adit was a crucial step in the Lunahuasi story, which will enable the Company to proceed with underground development once additional sectoral permits are received. When complete, the adit is expected to provide a platform to conduct exploration and definition drilling, metallurgical sampling, and geotechnical assessment, which are all key inputs for future technical studies and project evaluation. The approval significantly increases NGEx's optionality for future exploration and development at the project. During the three months ended March 31, 2026, the Company was focused on execution of its Phase 4 drill program at Lunahuasi, which has been another successful endeavour and is now complete. Phase 4 drilling is the Company's fourth exploration campaign at Lunahuasi, and has continued to expand, delineate and define the four distinct styles of mineralization found to date at Lunahuasi, while continuing to test the potential for additional discoveries at the project. The objectives of Phase 4 program were to test the Lunahuasi system at three distinct scales: short-range definition drilling – to further define and expand the Mars, Saturn and Jupiter zones; mid-range step-out holes – to extend the outer edges of the Lunahuasi deposit, and also identify new zones of mineralization outside of the current drill pattern; and long-range exploration drilling – to test anomalies and district scale targets, with the objective of discovering new components of the Lunahuasi system and demonstrating the system's true potential. Phase 4 drilling has been successfully completed across all three scales. To date, Phase 4 assay results received and released by the Company have only covered short-range definition drilling and some of the mid-range step-out holes completed during the program. Highlights of Phase 4 assays released during the three months ended March 31, 2026, and subsequent period thereto, include: Confirmation and delineation of new zones DPDH058 intersected 109.00 metres at 3.37% CuEq (1.77% Cu, 1.65 g/t Au, and 45.4 g/t Ag), including 6.00 metres at 14.53% CuEq (6.13% Cu, 8.17 g/t Au, and 277.7 g/t Ag), and is helping to outline a new zone located at the northern limit of the current drill pattern that was first intersected by DPDH043 from the Phase 3 campaign. Further analysis will be required to fully delineate this new zone, however preliminary indications are that it remains open in all directions and exhibits high-grade intersections and sub-intervals with even more elevated grades, as seen in the Saturn, Mars and Jupiter zones. DPGT004 was a geotechnical hole drilled along the centreline of the proposed exploration adit to provide geotechnical and hydrogeological data needed for the adit design. The highlight of the hole was the discovery of a previously unknown high-grade zone some 300 metres to the east of Mars. This new zone, starting at only 187.9 metres down the hole, returned 23.10 metres at 4.71% CuEq (2.75% Cu, 2.08 g/t Au, and 50.9 g/t Ag) including a 4.20 metre interval of 17.94% CuEq (11.67% Cu, 5.95 g/t Au, and 219.2 g/t Ag), showing all the characteristics of other high-grade zones in the deposit and demonstrating clear exploration potential. This intersection confirms that Lunahuasi remains open to the east of current drill collars and opens up a new front for future exploration. Saturn zone: continued expansion and consistent intersection of high-grades throughout DPDH051 intersected 327.40 metres at 3.74% CuEq (2.43% Cu, 1.53 g/t Au, and 21.8 g/t Ag), which is punctuated by multiple very high-grade sub-intervals such as 7.30 metres at 14.50% CuEq (10.98% Cu, 2.49 g/t Au, and 193.3 g/t Ag) and 5.80 metres at 14.40% CuEq (11.97% Cu, 2.73 g/t Au, and 50.8 g/t Ag). DPDH051 was drilled north to south to test the geometry of the Saturn zone perpendicular to most other holes, and its results were consistent with the zone's geological interpretation with high-grade gold intervals correlating well with other holes. DPDH056 targeted the Saturn zone at depth, confirming its extension 50 metres to the north beyond the previous northernmost intersection, intersecting 294.10 metres at 2.41% CuEq (1.87% Cu, 0.62 g/t Au, and 9.9 g/t Ag), including 8.05 metres at 17.82% CuEq (14.09% Cu, 4.06 g/t Au, and 87.1 g/t Ag). DPDH057 successfully expanded the Saturn zone vertically above the mineralization intersected previously in hole DPDH049, intersecting 131.00 metres at 5.09% CuEq (3.10% Cu, 2.03 g/t Au, and 58.2 g/t Ag), including 30.00 metres at 7.91% CuEq (4.00% Cu, 4.58 g/t Au, and 64.5 g/t Ag) and 40.20 metres at 6.09% CuEq (4.41% Cu, 1.48 g/t Au, and 68.8 g/t Ag). DPDH059 tested continuity, geometry and grade distribution within the Saturn zone, filling a gap between previous drillholes DPDH044 and DPDH051. DPDH059 intersected 335.15 metres at 4.08% CuEq (2.25% Cu, 2.17 g/t Au, and 27.6 g/t Ag), which included several narrower intervals with significantly higher-grade as seen in other holes completed in this area such as 19.50 metres at 18.96% CuEq (6.83% Cu, 15.64 g/t Au, and 82.3 g/t Ag). Mars zone: Outlining a very high-grade core within an expanding envelope DPDH054 intersected 94.00 metres at 8.99% CuEq (3.88% Cu, 6.66 g/t Au, and 29.6 g/t Ag), including 21.70 metres at 31.92% CuEq (12.70% Cu, 25.21 g/t Au, and 95.5 g/t Ag).

Annonce • May 21

NGEx Discovers Major Copper-Gold Porphyry System at Lunahuasi, Drills 1,619.4m at 0.87% CuEq including 876.4m at 1.13% CuEq

NGEx Minerals Ltd. announced the discovery of a major new copper-gold porphyry system at its 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. This discovery confirms its interpretation of the geological setting of the Lunahuasi mineralization and opens up an entirely new, very large-scale exploration target at the project. Drillhole DPDH027 demonstrates that the Lunahuasi system has similar size and scale potential to other deposits in the Vicuna cluster, with the added advantage of the large, very high-grade copper- gold-silver high-sulphidation ("HS") epithermal structures which are unique to Lunahuasi. Highlights: Drillhole DPDH027 drilled across the HS zone before entering a porphyry copper-gold deposit at about 1,262m. It intersected the HS zone over its entire length, with early porphyry veins occurring from 1,100m providing a clear vector towards the porphyry to the west of the end of the hole. The hole intersected: 823.10m at 1.17% CuEq from 776.90m, including: 157.70m at 2.18% CuEq from 7 76.90m, including: 38.90m at 4.35% CuEq from 870.70m, 153.50m at 1.98% CuEq from 1,207.50m, including: 9.00m at 7.33% CuEq from 1.352.00m. DPDH027 was collared from the same platform as DPDH021 and angled to the southwest (255) with a dip of -46 to test for a southern extension to the mineralization in hole 21. This hole was also planned to go as deep as possible to test the concept of a porphyry system located to the west of the main HS zone. Partial results from this hole, to a depth of 1,075.1m, were released on January 20 and February 19, and are included in the table of full results above.Within the HS alteration and mineralization, the characteristic zonation of porphyry veining can be recognized with D veins first intersected at 480m, B veins at 920m and A veins at 1,270m. This zonation indicates that the hole intersected the eastern flank of a porphyry centre, with the hole ending in mineralized diorite porphyry with potassic alteration. The same zonation is also seen to the north, in DPDH028, and to the south, in DPDH029, however neither of those holes appears to have been drilled deep enough to intersect the porphyritic rocks or potassic alteration and both ended in the HS system. Together these three holes provide clear evidence of a western porphyry system with a minimum north-south extent of 700m.DPDH029 was collared adjacent to DPDH027 and drilled towards the southwest (229) at a dip of -50 degrees in order to explore the southern extent of the deposit. Partial results from this hole, to a depth of 1,060.0m, were released on February 19, and are included in the table of full results above. As with other holes, numerous intersections of HS mineralization were drilled by this hole, including a broad zone from 776.9m which includes some higher-grade sub zones. The zone from 776.90m to 934.60m correlates well with the large zone in DPDH021, 22, 27 and 28 and indicates that the HS system remains strong here and is completely open to the south. This hole intersected the same zonation of porphyry veining, overprinted by the HS alteration, but stopped short of intersecting potassic alteration or mineralized diorite porphyry. Drillhole DPDH027 confirms the presence and location of a significant porphyry copper-gold centre which is intimately related to the high-grade HS mineralization that makes up the currently known deposit. The hole transited the eastern flank of the porphyry system, where it has in large part been overprinted by the subsequent HS alteration, before intersecting a multi-phase, mineralized diorite porphyry with potassic alteration at a depth of about 1,262m. Below this depth, the hole is primarily in potassic altered and mineralized porphyry and country rock, still overprinted by discreet zones of HS alteration and mineralization, and it ended in mineralization at 2,005m. In addition to the characteristic alteration, veining and porphyry intrusive rocks, the change from HS to porphyry mineralization is distinguished by a change in copper mineralogy from enargite /chalcocite in the HS to chalcopyrite +/- bornite in the porphyry. This change can be identified visually, and geochemically by a decrease in the cyanide-soluble values of the sequential copper analyses and an increase in the residual copper values. The density of early veins varies throughout the section below 1,200m with more abundant veins associated with higher copper and gold grades. Early lithologies, including early porphyry phases and fine-grained andesite and rhyolite country rock, and breccias, contain the highest density of veining and consequently the highest grades. In contrast, a late phase porphyry is clearly identified by diminished alteration and relatively scarce early veins and carries lower grades. The highest grades in this section occur in areas with overprinting HS mineralization, with individual samples between 1.0% and 7.0% CuEq. In addition to these holes, three geotechnical holes and two water wells were completed. All equipment and personnel have now been demobilized from the site and all field activities have been concluded Assays for the final 12 holes representing 10,369m of drill core are pending.

Ratio de couverture des intérêts	n/a
Argent liquide	CA$654.95m
Fonds propres	CA$636.09m
Total du passif	CA$30.38m
Total des actifs	CA$666.47m

Données	Dernière mise à jour (heure UTC)
Analyse de l'entreprise	2026/06/12 23:23
Cours de l'action en fin de journée	2026/06/12 00:00
Les revenus	2026/03/31
Revenus annuels	2025/12/31

Paquet	Données	Cadre temporel	Exemple de source américaine ^*
Finances de l'entreprise	10 ans	Compte de résultat Tableau des flux de trésorerie Bilan	Formulaire 10-K de la SEC Formulaire 10-Q de la SEC
Estimations consensuelles des analystes	+3 ans	Prévisions financières Objectifs de prix des analystes	Rapports de recherche des analystes Blue Matrix
Prix du marché	30 ans	Cours des actions Dividendes, scissions et actions	Données de marché ICE Formulaire S-1 de la SEC
Propriété	10 ans	Actionnaires principaux Délits d'initiés	Formulaire 4 de la SEC Formulaire 13D de la SEC
Gestion	10 ans	L'équipe dirigeante Conseil d'administration	Formulaire 10-K de la SEC Formulaire SEC DEF 14A
Principaux développements	10 ans	Annonces de l'entreprise	Formulaire 8-K de la SEC

Analyste	Institution
Stefan Ioannou	ATB Cormark
Alexander Robert Pearce	BMO Capital Markets Equity Research
Rene Cartier	BMO Capital Markets Equity Research

NGEx Minerals Bilan de santé

Santé financière contrôle des critères 5/6

Informations clés

Mises à jour récentes de la santé financière

Here's Why We're Not Too Worried About NGEx Minerals' (TSE:NGEX) Cash Burn Situation

Here's Why We're Not At All Concerned With NGEx Minerals' (TSE:NGEX) Cash Burn Situation

Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely

Is NGEx Minerals (CVE:NGEX) In A Good Position To Deliver On Growth Plans?

Recent updates

(Deep Dive) NGEx Minerals, Legendary Lundin Backed, Spectacular Grades + Giant Scale Is A Must Watch

Lundin-Backed: 10x High-Grade Copper-Gold Discovery + Billion-Pound Resource Anchor

Ngex Minerals Ltd. Announces Results of Five Drill Holes from the Phase 4 Drill Program At Its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

Ngex Minerals Reports Phase 4 Lunahuasi Drill Program Results Highlighting Size, Grade, and Upside

NGEx Minerals Uncovers New High-Grade Zones at Lunahuasi With Leadership Team Refresh

Ngex Minerals Ltd. Drills 34M At 7.25% Cueq Plus 48M At 7.72% Cueq, 180M Apart in Mars; Discovers New Zone 300M East of Mars with 23M At 4.72% Cueq

NGEx Minerals Ltd., Annual General Meeting, Jun 11, 2026

NGEx Minerals Ltd. Announces Results of Three Drill Holes from the Ongoing Phase 4 Drill Program At Its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. Announces the Appointment of Peter J O'Callaghan to Its Board of Directors, Effective March 20, 2026

NGEx Minerals Ltd. Receives Environmental Approval for Development of an Exploration Adit At Lunahuasi

NGEx Minerals Ltd. Announces Drill Results from Four Holes at the Ongoing Phase 4 Drill Program at its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. Drills 94.00m at 8.99% CuEq including 21.70m 31.92% CuEq at Lunahuasi

New minor risk - Insider selling

Chief Financial Officer recently sold CA$1.2m worth of stock

New major risk - Revenue and earnings growth

NGEx Minerals Ltd. to Report Q3, 2026 Results on Nov 05, 2026

NGEx Minerals Ltd. Kicks Off Phase 4 Drill Program At Lunahuasi

Non-Independent Director exercised options and sold CA$3.1m worth of stock

NGEx Minerals Ltd. announced that it has received CAD 175 million in funding from Lundin Family Trusts and other investors.

NGEx Minerals Ltd. announced that it expects to receive CAD 100 million in funding from Lundin Family Trusts

New major risk - Revenue and earnings growth

Ngex Minerals Ltd. Announces Phase 4 Exploration Plan At Lunahuasi

Now 20% undervalued

Insider exercised options and sold CA$2.2m worth of stock

Here's Why We're Not Too Worried About NGEx Minerals' (TSE:NGEX) Cash Burn Situation

NGEx Minerals Ltd. Announces the Final Drill Results from the Phase 3 Program at its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. Announces Additional Drill Results from its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. Announces Board Elections

NGEx Minerals Ltd. Announces Additional Drill Results from its 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

Is There An Opportunity With NGEx Minerals Ltd.'s (TSE:NGEX) 43% Undervaluation?

NGEx Discovers Major Copper-Gold Porphyry System at Lunahuasi, Drills 1,619.4m at 0.87% CuEq including 876.4m at 1.13% CuEq

Non-Independent Director recently sold CA$1.0m worth of stock

NGEx Minerals Ltd., Annual General Meeting, Jun 19, 2025

Here's Why We're Not At All Concerned With NGEx Minerals' (TSE:NGEX) Cash Burn Situation

NGEx Minerals Ltd. Provides the Fourth Update on its Ongoing Phase 3 Drill Program at the 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. Provides the Third Update on its Ongoing Phase 3 Drill Program At the 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

New minor risk - Insider selling

Non-Independent Director recently sold CA$864k worth of stock

Ngex Minerals Ltd. Provides the Second Update on Its Ongoing Phase 3 Drill Program At the 100% Owned Lunahuasi High-Grade Copper-Gold-Silver Project in San Juan, Argentina

NGEx Minerals Ltd. to Report Q2, 2025 Results on Aug 12, 2025

NGEx Minerals Ltd. Drills 12.25M At 23.35% CuEq and 11.90M At 10.74% CuEq At Lunahuasi

Insider exercised options and sold CA$384k worth of stock

Independent Director recently bought CA$497k worth of stock

NGEx Minerals Ltd. announced that it has received CAD 176.906983 million in funding

NGEx Minerals Ltd. Kicks Off Phase 3 Drill Program at Lunahuasi

Non-Independent Director recently sold CA$288k worth of stock

NGEx Minerals Ltd. announced that it expects to receive CAD 100.001 million in funding

New minor risk - Shareholder dilution

NGEx Minerals Ltd. Announces Exploration Plan for Lunahuasi

Insider exercised options and sold CA$238k worth of stock

New minor risk - Insider selling

Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth

President exercised options to buy CA$4.3m worth of stock.

President recently bought CA$215k worth of stock

NGEx Reports Lunahuasi Step-Out Drilling Intersects 726.5m at 1.66% Copper Equivalent ("CuEq") and 58.1m at 6.04% CuEq, Including 4.8m at 41.12% CuEq, Significantly Expanding High-Grade Mineralization

Independent Director recently bought CA$1.9m worth of stock

NGEx Minerals Ltd. Reports Drill Results from Hole Dpdh018 from the Lunahuasi Project Located in the Vicuña District in San Juan Province, Argentina

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

NGEx Minerals Ltd., Annual General Meeting, Jun 27, 2024

Independent Director recently sold CA$572k worth of stock

NGEx Minerals Ltd.(TSXV:NGEX) dropped from S&P/TSX Venture Composite Index

Vice President Exploration exercised options and sold CA$194k worth of stock

NGEx Minerals Ltd. Reports the First Set of Drill Results from the Current Program at the Lunahuasi Project Located in the Vicuna District in San Juan Province, Argentina

We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely

President exercised options to buy CA$1.8m worth of stock.

Ngex Announces Updated Mineral Resource Estimate At Los Helados Including High-Grade Fenix and Alicanto Zones

New major risk - Financial position

NGEx Minerals Ltd. Kicks Off New Drill Season at Lunahuasi

Insider exercised options and sold CA$383k worth of stock