Lalla Aziza

Copper exploration project in the Kingdom of Morocco held under an option agreement with Carbomine SARL (binding letter of intent August 29, 2024) to acquire a 100% interest in the Lalla Aziza mining license; the company notified its intention to exercise the option on July 14, 2025, with staged payments culminating in US$1.5 million on registration and US$2.5 million on completion of a bankable feasibility study, plus a 2.5% NSR royalty to Carbomine on production. Reverse-circulation drilling in 2025 of shear/fold-hosted copper mineralization returned results including RC25LA004 (17 m at 1.3% copper) and RC25LA002 (19 m at 1.1% copper), supporting potential for an open-pit starter operation. No mineral resource has been defined.