Aankondiging • Apr 05

Bemetals Corp. Announces Remaining Drilling Results from Its 2023 Exploration Program At the Pangeni Copper Project in Zambia

BeMetals Corp. announced remaining drilling results from its 2023 exploration program at the Pangeni Copper Project in Zambia. A new phase of core drilling has recently commenced to identify additional zones of higher-grade copper and expand the footprint of the mineralization within the priority D-Prospect area. Complete results have now been received from the 2023 drilling campaign at the D-Prospect which comprised 2,032 metres of shallow aircore drilling to test for additional bedrock copper anomalies below the Kalahari sand cover, and 787 metres of follow- up core drilling in three holes (D22-C1, D14-C1, D11-C1). These new results from drill hole D14-C1 further enhance the potential of the D-prospect, in context with the previously reported zones of mineralization from holes D22-C1 and D2-C1, including 18.10 metres grading 0.70% and 14.05 metres grading 0.37% copper respectively. The D14-C1 results importantly include interval 1, a broad zone of 69.41 metres, from a vertical depth of approximately 70 metres, grading 0.25% copper that includes multiple higher-grade zones ranging from 3.5 to 12.91 metres width at copper grades from 0.35% to 0.48% copper. This new data demonstrates that extensive zones of lower grade material envelop the multiple, or stacked, zones of higher-grade copper mineralization similar to what is seen at both the Sentinel and Lumwana copper mines in the Domes Region of Zambia, where cut-off grades of 0.13% (1) and 0.16% (2) copper are applied. Interval 2 includes additional zones of mineralization with 12.64 metres grading 0.32% copper that includes 7.64 metres grading 0.39% copper. The copper mineralization in D14-C1 is dominantly chalcopyrite, and overall, a zonation with an increase in bornite, a higher tenor copper mineral, has been observed towards the southwest of the D-Prospect from drill holes D14-C1, D2-C1 and D22-C1. As noted by Dr. Richard Sillitoe, the D-Prospect mineralization is closely similar in geological setting, style, and age to that exploited by Barrick Gold Corporation at their Lumwana Copper Mine, farther east in the Domes region. The Lumwana Mine with Mineral Reserves of 538.8 million tonnes grading 0.56% Cu (2)) and First Quantum Minerals Ltd.'s Sentinel Mine with Mineral Reserves of 792.4 million tonnes grading 0.46% Cu (1) are also within the Domes Region of the Zambian Copperbelt. The deposits of these mines are sediment hosted copper style, generally shallowly dipping and/or plunging tabular bodies, with the alteration mineral kyanite associated with the copper mineralization, similar to its current observations and interpretation of the D-Prospect. At the Lumwana mine the thickness of the ore schist units at its Malundwe deposit is 15 metres (3), and the average thicknesses of the upper, central, and lower ore schist units at its Chimiwungo deposit are 10, 60 and 12 metres, respectively (3) generally the same to current widths of the mineralized zones at the Company's D-Prospect. Drill hole D11-C1 did not intersect any significant zones of copper mineralization and is currently interpreted to have been drilled into the footwall units below the main target zone as intersected in drill hole D22-C1. The Company has commenced a planned 1,800 to 2,000 metre, follow-up, phase of core drilling to test initially for extensions of the copper mineralization to the southwest of the 2023 drilling at the D-Prospect area of the Property. The Company will release new drilling results during Second Quarter and Third Quarter 2024 as they become available. The Pangeni Project copper mineralization, is a westerly extension of the Zambian Copperbelt and is concealed under a relatively thin but extensive layer of Kalahari sand cover. The open pit Sentinel Copper Mine, operated by First Quantum Minerals, is located approximately 130 kilometres northeast of the Pangeni Project and currently represents the westernmost copper mine of the Domes Region within the prolific Zambian Copperbelt. The Pangeni Project is pro rata funded by BeMetals (72.2%) and the Japan Organization for Metals and Energy Security ("JOGMEC") (27.8%). The Project team includes optionees Copper Cross Zambia Limited ("CCZ") and Pangeni Mineral Resources Limited ("PMRL") the licence holders and community relations managers. In addition to the work conducted at the D-Prospect during the 2023 exploration program, 2,972 metres of shallow aircore, and 1,100 metres of core drilling were completed to test other exploration targets on the Property. These targets are located between 10 to 20 kilometres away from the priority D-Prospect. Results from these targets indicate and confirm that there are multiple zones and geological settings with a high degree of exploration potential within the Property. Target Third Quarter was outlined by three anomalous aircore holes (Q3-05A, Q3-05 and Q3-05B) completed during the 2022 exploration program that returned bedrock copper values of 859, 331 and 210 parts per million (ppm) copper respectively. The follow-up core hole Q3-C3 intersected a zone of 2.61 metres grading 0.49% copper. While a relatively narrow interval, its significance is increased by its host lithologies currently interpreted as Katangan units, and this target being located some 2 kilometres due east of the SW Target. Future exploration in this area would include expanding of the aircore testing coverage at the Third Quarter Target. At the P4 Target, core hole P4-C1 returned an interval of 5.00 metres grading 0.40% copper including 2.39 metres grading 0.71% copper. The host lithologies appear to be basement units and copper oxide minerals were observed in these zones. Further interpretation will be completed to decide if further priority exploration is motivated in this target area. At the L and Q Targets, drill holes L4-C1, L4-C2 and Q5-C1 did not intersect any significant copper mineralization. Table 3 shows the drill hole ID, azimuth, dip, end of hole depth, collar coordinates and status of all the core drill holes from the 2023 program.

Percentage CEO-salaris	n/a
Dienstverband CEO	no data
Eigendom CEO	3.6%
Management gemiddelde ambtstermijn	geen gegevens
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Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/09/15 14:50
Aandelenkoers aan het einde van de dag	2026/09/15 00:00
Inkomsten	2026/06/30
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
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Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

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