Tillkännagivande • May 16

ATEX Resources Inc. Discovers New High-Grade Mineralization At Valeriano Intersecting 68 Metres of 2.02% CuEq Within A Broader Intercept of 356 Metres of 0.98% CuEq

ATEX Resources Inc. announced complete assay results for drill holes ATXD26 and ATXD17B, the fifth and sixth holes from its Phase IV drill campaign at the Valeriano Copper-Gold Project (‘Valeriano’ or the ‘Project’) located in Atacama Region, Chile. Highlights include: ATXD26 intersected 68.0 metres of 2.02% CuEq (1.39% Cu, 0.60 g/t Au, 3.81 g/t Ag and 473 g/t Mo) from 1,100 metres downhole, within longer intervals of 356.0 m of 0.98% CuEq (0.7% Cu, 0.29 g/t Au, 1.49 g/t Ag and 180 g/t Mo) and 978.0 metres of 0.75% CuEq (0.54% Cu, 0.21 g/t Au, 1.26 g/t Ag and 145 g/t Mo) from 586.0 meters. A high-grade, copper, gold and silver enriched low sulphidation epithermal system, overprinting existing mineralization has been intersected above the projected porphyry target in ATXD26 from 1,108m to 1,208m downhole. ATXD26 was drilled between the Central and Western Trends, and along the northwest striking high-grade trend from ATXD16A in the southeast to ATXD26 in the northwest and remains open along strike. The overprinting high-grade epithermal mineralization is hosted in silicified breccias made up of clasts composed of wall rock and porphyry fragments including Early Porphyry (‘EP’) fragments. This suggests the presence of mineralized EP below the current hole extents (hole concluded at 1,565.4m) and will be followed up in Phase V. The hole ended in grades of 1.5% CuEq and was terminated 400m above the planned depth. Mineralization intersected in ATXD26 is open at depth and along strike in both directions and is a priority for follow up in Phase V. Additionally, ATXD17B ended at 1,254.0 metres and intersected 504.0m of 0.56% CuEq (0.42% Cu, 0.17 g/t Au, 0.96 g/t Ag and 51 g/t Mo). Sporadic high grades associated with chalcopyrite bearing potassic alteration were intersected in the upper part of the hole from approximately 800m to 1,200m indicates the potential to intersect mineralized EP below and along the southeast continuation of the high-grade mineralization intersected in ATXD16A (594m grading 0.92% CuEq (0.67% Cu, 0.32 g/t Au, 1.13 g/t Ag and 71 g/t Mo) within EP from 1,168m and 112m of 1.42% CuEq (1.01% Cu, 0.57 g/t Au, 2.06 g/t Ag and 46 g/t Mo) from 1,616m). Due to the early onset of seasonal storms in the region, the Phase IV program has been concluded totalling approximately 12,000m of diamond drilling. Through utilizing directional drilling allowing for the completion of daughter holes out of existing parent holes drilled from surface, ATEX has been able to realize an effective total of 20,100m drilled in the event all holes had been drilled from surface. ATEX has announced assay results for six complete holes, ATXD16A, ATXD17A, ATXD12A ATXD25, AXTD17B and ATXD26 totalling approximately 9,400m and has three more partial holes, totalling approximately 2,600m to be announced. Results: Three diamond drill holes were underway when the program was suspended including ATXD25A ((end of hole ‘EOH’) at 1,454.2m), ATXD26A a daughter hole starting at 792m from ATXD26, (EOH 925.5m) and ATXD27 (EOH 944.3m). These holes were testing for continuity of mineralized porphyry between the currently modelled EP trends and extending mineralization further along strike to the northwest. ATXD25A is a daughter hole from ATXD25 and is testing the continuity of mineralization north-west of ATXD23 (964.0m of 0.68% CuEq (0.48% Cu, 0.24 g/t Au, 78 g/t Mo), see Company news dated June 5, 2023 ‘ATEX Intersects 0.70% CuEq over 964 metres in a 200m Step-Out Along the Recently Discovered High-Grade Western Porphyry Trend’). The hole was shut down at 1,454.2m in potassic altered and mineralized wall rock. ATXD26 and ATXD26A are a parent and daughter hole testing the continuity of EP between the northern extents of the Central and Western Trends. ATXD26 intersected mineralized porphyritic units and mineralized hydrothermal breccias from approximately 1,100m downhole confirming the potential for mineralized EP below the current hole bottom and in the gap. A newly discovered zone of overprinting hydrothermal mineralization has been intersected in ATXD26, above the porphyry target. This breccia hosted mineralization includes clasts of EP and is associated with enriched, gold, silver and bismuth grades. This zone remains open in all directions and will be a priority for exploration and definition in Phase V. ATXD26 was abandoned, due to in hole conditions, at a depth of 1,565m. ATXD26A is a daughter hole being drilled out of ATXD26, to the south. Starting at a depth of 792m it is targeting the extension of the high-grade mineralization intersected in ATXD24 (670.0m of 0.84% CuEq (0.60% Cu, 0.24 g/t Au, 101 g/t Mo including 312m of 1.00% CuEq (0.73% Cu, 0.3 g/t Au and 77 g/t Mo)), see Company news dated July 13, 2023 ‘ATEX Intersects 0.84% CuEq over 670 metres Widening the Central High-Grade Trend in the Last Drill Hole of Phase III Program.’). ATXD27 tested the northern extent of mineralization along the Western Trend Porphyry to the north-east of ATXD23. The three uncompleted drill holes (ATXD25A, ATXD26A and ATXD27) will be extended in the next drilling season. Outlook: With the early onset of seasonal storms affecting many operators in the region, ATEX is currently executing a staged shut down of the Phase IV program to safely demobilize personnel and equipment, marking the end of the Phase IV program. The Phase V program, which will follow on from the success of Phase IV, is anticipated to commence in H2 2024. Final drill results from the remaining Phase IV drill holes are expected to be released through June of 2024. These results and the associated geological information will be integrated into planning for Phase V. The success of this drill program has positively impacted the Company's understanding of the Valeriano Porphyry system. Specifically, results from the Phase IV program have led to an increase in the target size for the EP component through demonstrating continuity along a 1.2 km strike length and proving that the three previously modelled trends are likely to be connected. The Phase V program is expected to focus on drilling within the EP trend to confirm continuity of the higher-grade corridor within the larger EP target and on significant step-outs to the northwest and southeast where the EP trend remains open. ATEX believes this program could continue to grow the deposit significantly and provide the foundation for an eventual preliminary economic study.

VD-lön i procent	n/a
Anställning som VD	less than a year
Ägande av VD	0.1%
Ledningens genomsnittliga anställningstid	less than a year
Styrelsens genomsnittliga mandatperiod	5.5yrs

Namn	Position	Anställning	Kompensation	Ägarskap
Christopher Beer	Interim CEO	less than a year	CA$141.51k	0.11% $ 790.9k
Elijah Tyshynski	Corporate Secretary & CFO	1.1yrs	CA$1.51m	inga uppgifter
Aman Atwal	Vice President of Business Development & Investor Relations	2.1yrs	CA$846.12k	inga uppgifter
Felipe Pinheiro	Country Manager and VP of Sustainability	2.4yrs	CA$879.61k	0.0022% $ 15.5k
Hernan Rodriguez	Director of Operations	less than a year	inga uppgifter	inga uppgifter
Myrzah Bello	VP of People	less than a year	inga uppgifter	inga uppgifter
Pablo Morelli	Senior Director of Exploration	less than a year	inga uppgifter	inga uppgifter

Namn	Position	Anställning	Kompensation	Ägarskap
Christopher Beer	Interim CEO	2yrs	CA$141.51k	0.11% $ 790.9k
Craig Nelsen	Independent Chairman	7.5yrs	CA$181.82k	2% $ 14.4m
Kevin MacLean	Member of Advisory Committee	6.9yrs	inga uppgifter	inga uppgifter
Hans Rasmussen	Member of Advisory Committee	6.4yrs	inga uppgifter	inga uppgifter
Hannes Portmann	Independent Director	less than a year	CA$106.29k	0.019% $ 135.5k
Jeffrey Palmer	Member of Advisory Committee	6.4yrs	inga uppgifter	inga uppgifter
Richard McCreary	Independent Director	1.8yrs	CA$141.51k	0.12% $ 881.4k
V. Ortuzar	Member of Advisory Committee	6.9yrs	inga uppgifter	inga uppgifter
Alejandra Wood	Independent Director	4.5yrs	CA$141.51k	inga uppgifter
Jamile Cruz	Independent Director	4.1yrs	CA$141.51k	0.0024% $ 17.2k

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/06/23 14:44
Aktiekurs vid dagens slut	2026/06/23 00:00
Intäkter	2026/03/31
Årlig intjäning	2025/12/31

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Analytiker	Institution
Stefan Ioannou	ATB Cormark
Stefan Ioannou	ATB Cormark Historical (Cormark Securities)
Rene Cartier	BMO Capital Markets Equity Research

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Viktig information

Senaste uppdateringar av ledningen

ATEX Resources Inc., Annual General Meeting, Jun 22, 2026

ATEX Resources Inc. Announces Change of President, Effective February 2, 2026

ATEX Resources Inc., Annual General Meeting, May 07, 2025

ATEX Resources Inc. Announces Board Changes

ATEX Resources Inc. Announces CEO Changes

ATEX Resources Inc., Annual General Meeting, May 03, 2024

Recent updates

ATEX Resources Inc., Annual General Meeting, Jun 22, 2026

ATEX Resources Inc. Announces Expansion of Phase VI Drill Program by Approximately 5,000 Meters

ATEX Resources Inc. Announces Change of President, Effective February 2, 2026

Atex Resources Inc. Announces Second Set of Assay Results for Phase Vi Drill Hole Atxd26b

ATEX Resources Inc. announced that it has received CAD 109.8825 million in funding

ATEX Resources Inc. announced that it expects to receive CAD 85.02 million in funding

ATEX Resources Inc. Announces the Remaining Assay Results for Drill Hole ATXD29A, and Assay Results for ATXD25B and ATXD22D

ATEX Resources Inc. Announces Full Assay Results for Drill Hole ATXD28

ATEX Resources Inc., Annual General Meeting, May 07, 2025

Atex Resources Inc. Announces Partial Assay Results for Drill Hole ATXD23A, the First Hole from Its Phase V Drill Campaign At the Valeriano Copper-Gold Project

ATEX Resources Inc. announced that it expects to receive CAD 55.257 million in funding from Agnico Eagle Mines Limited

ATEX Resources Inc. Announces Board Changes

ATEX Resources Inc. Announces Phase V Exploration Plans

ATEX Resources Inc. announced that it has received CAD 0.499999 million in funding

ATEX Resources Inc. announced that it expects to receive CAD 0.499999 million in funding

ATEX Resources Inc. Discovers New High-Grade Mineralization At Valeriano Intersecting 68 Metres of 2.02% CuEq Within A Broader Intercept of 356 Metres of 0.98% CuEq

ATEX Resources Inc. Announces CEO Changes

ATEX Resources Inc., Annual General Meeting, May 03, 2024

ATEX Resources Inc. Announces Complete Assay Results for Drill Hole ATXD12A from its Phase IV Drill Campaign at the Valeriano Copper-Gold Project Located in Atacama Region, Chile

ATEX Resources Completes First Hole in Phase IV Drill Program Extending Western Poprhyry Trend to South and Provides Exploration Update

ATEX Commences Phase Iv Drill Program - Initial Holes Targeting High-Grade Central and Western Porphyry Trends

ATEX Resources Inc. Announces Excellent Metallurgical Recovery for Cu-Au Porphyry Mineralization at Valeriano

ATEX Resources Inc. Announces Results of an Updated Independent Mineral Resource Estimate for the Valeriano Project Located in Atacama Region, Chile

ATEX Resources Inc. Announces Partial Assay Results for Drill Holes ATXD-24 and ATXD-22B

ATEX Resources Inc. Announces Results from Drill Hole ATXD-11A During Phase III of Its Drill Campaign At the Valeriano Copper-Gold Project Located in Atacama Region, Chile

ATEX Announces Completion of First Two Drillholes in Phase Iii Program - Extends Strike Length of Mineralized Corridor to A Kilometre

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