Announcement • Jul 01
Regulus Resources Completes Mineral Resource Estimate for Integrated Coimolache Sulphide Antakori Copper Gold Project Regulus Resources Inc. had completed the first phase of the collaboration agreement previously announced on July 25, 2024. The agreement was designed to evaluate the viability of an integrated Coimolache Sulphides/AntaKori copper-gold project, starting with the completion of a mineral resource estimate, with the option, upon mutual agreement of the Parties following the completion of a mineral resource estimate, to complete a preliminary economic assessment. The results of the mineral resource estimate and preliminary economic assessment (should the Parties agree to move forward) can only be publicly released upon mutual agreement of the Parties and regulatory approvals. The mineral resource estimate was completed by SRK Peru, which has developed an internal report that has been distributed to the Parties. The Company will provide no further updates regarding discussions with Coimolache until decisions are made regarding the mineral resource estimate and preliminary economic assessment. The Company cannot provide a timeline for a decision at this time. The AntaKori project, located in Cajamarca, Peru, currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48% Cu, 0.29 g/t Au, 7.5 g/t Ag, and inferred mineral resources of 267 million tonnes with a grade of 0.41% Cu, 0.26 g/t Au, 7.8 g/t Ag. The AntaKori project is immediately adjacent to and interfingered with mineral concessions owned by Coimolache. The last mineral resource estimate on the AntaKori project was completed under a now-expired agreement with Coimolache whereby Regulus could use a portion (but not all) of the Coimolache drill database to develop a partially integrated resource estimate, but only report resources from the AntaKori claims. A total of 71,762.04 m of drilling (historical + Regulus) has been completed on the AntaKori project from 1997-2022. Since the 2019 AntaKori resource estimate was completed, Regulus has completed 31,666.99 m of drilling on the AntaKori project. The scientific and technical data contained in this news release pertaining to the 2019 AntaKori mineral resource estimate has been reviewed and approved by Dr. Kevin B. Heather, Chief Geological Officer, FAusIMM, who serves as the qualified person (QP) under the definition of National Instrument 43-101. Announcement • May 05
Regulus Resources Inc., Annual General Meeting, Jun 24, 2026 Regulus Resources Inc., Annual General Meeting, Jun 24, 2026. Location: alberta, calgary Canada New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.2m free cash flow). Revenue is less than US$1m.