Announcement • Jul 01
Slam Exploration Ltd., Annual General Meeting, Sep 09, 2026 Slam Exploration Ltd., Annual General Meeting, Sep 09, 2026. Location: british columbia, vancouver Canada New Risk • Jun 30
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$2.0m 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.1m market cap, or US$10.6m). Announcement • Jun 18
Slam Exploration Ltd. Drills over 30 Meters of Massive Sulphide Beneath Vtem Conductor on the Goodwin Copper Nickel Cobalt Project Slam Exploration Ltd. announced it has drilled over 30 meters of massive sulphide mineralization in diamond drill hole GW26-29 including a 26.10 meter (‘m’) massive sulfide core interval from 18.70 to 44.80 m; a 1.85 m zone from 46.75-48.60 m plus a 2.15 m zone of massive sulphides from 57.9-60.05 m. The Company has completed 4 diamond drill holes (GW26-26 to GW26- 29) since mobilizing on June 1, 2026 for the 7,000 meter diamond drilling program on the Goodwin copper-nickel-cobalt project. All 4 holes have cut gabbro mineralized with pyrrhotite and assay results from all four holes are pending. A fifth hole, GW26-30, is currently in progress. The first 4 holes are described as follows: GW26-26 - Designed to test a VTEM conductor 1,600 meters southeast of the Farquharson zone. Drilled at azimuth 055° and dip of -50° from a collar at 476 m elevation (N 5,237,581 /E 699,469) to a depth of 200 m. The hole intersected a sequence of gabbro and mafic tuff with disseminated to semi-massive pyrrhotite present throughout the mineralized intervals. Pyrrhotite occurs as disseminated blebs and stringers, with massive seams from 148.15 to 148.20 and 149.27 149.60. Chalcopyrite noted in the deeper portions of the hole. A total of 57 core samples were submitted for assay. GW26-27 - Designed to test a VTEM conductor from a collar 80 meters east of the collar for Logan Zone hole GW24-15. Drilled at azimuth 215° and dip of -60° from a collar at 393 m elevation (N 5,239,345 /E 697,310) to a depth of 110 m. The hole intersected medium-grained gabbro with a sustained and progressive increase in pyrrhotite mineralization with depth across a 27.85 meter interval from 46.00 to 73.85 meters., demonstrating the strong association between the gabbro host rock and sulfide mineralization at this target. A total of 44 core samples were sawn and submitted for assay. GW26-28 - Designed to test a VTEM conductor from the same collar location as Logan zone drill hole GW24-08. Drilled at azimuth 360° and dip of -45° from a collar at 395 m elevation (N 5,239,410 /E 697,180) to a depth of 163 m. The hole intersected chloritized volcanics and gabbro with disseminated pyrrhotite present throughout, including localized intervals of promoted sulfide concentration and a short interval of massive pyrrhotite from 120.42 to 120.51. A total of 9 core samples were sawn and submitted for assay. GW26-29 - Highlight Hole - Designed to test a VTEM conductor 100 meters southeast of hole GW25- 27. Drilled at azimuth 120° and dip of -80° from a collar at 395 m elevation (N 5,239,268 /E 697,385) to a final depth of 137 m, Three discrete intervals of massive sulfide were intersected within a competent gabbro host rock, with the host rock largely replaced by sulfide mineralization and core recovery remaining excellent throughout: · 18.7-44.8 m: 26.1 m of massive sulfide mineralization · 46.75-48.6 m: 1.85 m of massive sulfide mineralization · 57.9-60.05 m: 2.15 m of massive sulfide mineralization The three zones combine for approximately 30.1 metres of massive sulfide over a downhole interval of approximately 42 metres, with the upper zone alone spanning over 26 continuous metres. Sulfide mineralization continues below the massive zones as disseminated and semi-massive pyrrhotite with associated chalcopyrite. The geometry and continuity of the sulphide system intersected in GW26-29 is consistent with the style of mineralization observed in significant magmatic copper-nickel-cobalt deposits. A total of 64 core samples were submitted for assay, and results are anticipated to be a significant catalyst for the program All 4 holes were designed to test targets based on plate models derived from the new VTEM survey that was flown over the Goodwin copper-nickel-cobalt project in January, 2026. The VTEM plate model for L1560 predicted a flat-lying conductor of moderate (120 siemens) conductance at a vertical depth of 132.8 meters. This correlates with massive pyrrhotite seams drilled in hole GW25-26. From a total of 432 anomalies, the Company has constructed plate models for 24 conductors that range in depth from 30 meters to 320 meters. All of these models are potential extensions to the known zones of mineralization and could represent potential ovoid-type deposits with higher-grade mineralization at depth. The Goodwin copper-nickel-cobalt project covers 14,000 hectares (35,000 acres) in the mineral-rich Bathurst Mining Camp (‘BMC’) of New Brunswick, Canada. 
