Copper Phoenix IOCG

Project Evolution

Chronological development of the Copper Phoenix IOCG project

2020

Xplora Minerals prospects the Iron Black project

2021

First geophysical studies are conducted (MVI Magnetometry and 3D IP/Resistivity)

2022

Copper and Silver outcrops are discovered in Copper Phoenix I over geophysical anomalies

2023

In the Iron Black drilling campaign, presence of copper oxides is discovered in drilling and also with excavator trenches

2024

Exploration project begins in Copper Phoenix I, two reconnaissance tunnels are developed from which minerals were exploited and commercialized, selling Copper minerals to ENAMI 700 tons of 2.22% CuS. That same year trenches begin on the east side of the project, Copper and Gold outcrops are discovered which is named Copper Phoenix II

2025

Structural geology is performed, the 2,000 hectares are explored and MVI magnetometry is conducted in the south zone. 5 potential drilling targets are discovered in Copper Phoenix I and II. Potential estimations are made which exceed 100 M Tons CuEq, backed by surface information. ICP analysis is performed in both projects and presence of Cobalt and Molybdenum is discovered in oxidation zone

Resource Potential

Estimates based on surface information and geophysical studies

Copper Phoenix I

Western project

Mineralization Copper + Silver

IP Study ✓ ✓ Completed

Magnetic Study ✓ ✓ Completed

Tunnels completed 2

Mineral sold 700 ton

CuS grade 2.22%

Client ENAMI

Status:

Successful production and commercialization

Copper Phoenix II

Eastern project

Mineralization Copper + Gold

IP Study ✗ ✗ Not performed

Magnetic Study ✓ ✓ Completed

Discovery 2024

Outcrops Cu + Au

Trenches ✓ Completed

ICP Analysis Co + Mo

Status:

Advanced exploration in progress

>100M

Ton CuEq

Total Estimated Potential

Information Backup

Estimates are based on validated surface information, completed geophysical studies, and 5 drilling targets identified in both projects.

Surface

Validated information

Geophysics

Studies completed

Targets

5 identified

Production

700 tons sold

Strategic Location

Chilean IOCG Belt

Region: Antofagasta
Commune: Taltal
Deposit Type: IOCG
Total Area: 2,000 ha
Access: Route 5 North

Location Map

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Strategic Advantages

Copper Phoenix is located in the heart of the Chilean IOCG district, a region globally recognized for its mineral wealth and world-class mining operations. This privileged location offers unique competitive advantages.

Consolidated Infrastructure

Proximity to consolidated mining infrastructure with active operations in the region

Logistics Access

Direct access via Route 5 North, the country's main logistics corridor to ports

Nearby Ports

Nearby ports: Puerto Barquito 122 km and Puerto Caldera 211 km

Technical Expertise

Antofagasta Region world leader in copper production with available technical expertise

Optimal Climate

Arid desert climate ideal for mining operations with minimal weather interruptions

Geophysical Studies Conducted

Advanced exploration completed

MVI Magnetometry

Southern zone completed

3D IP/Resistivity

Detailed studies

Structural Geology

2,000 ha explored

ICP Analysis

Co and Mo identified

5 Targets

Drilling defined

Estudio Geofísico

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Estudio Geofísico

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Investment Opportunity

Project backed by science and results

Copper Phoenix IOCG combines advanced scientific exploration with proven production. With 700 tons already commercialized to ENAMI and completed geophysical studies, we offer a potential of +100M tons CuEq backed by 5 identified drilling targets. Located in the heart of the Chilean IOCG district, this is the ideal time to participate in a project with solid fundamentals and exponential projection.

✓ Production

700 tons commercialized

✓ Science

Geophysical Studies Conducted

✓ Potential

+100M ton CuEq

✓ Targets

5 identified

Drilling Phases

Phased development plan for resource validation

Stage 1

5,000m

$2,515,000 USD

Duration: 6 months

Initial validation of priority targets and definition of inferred resources

Stage 2

15,000m

$7,545,000 USD

Duration: 15 months

Resource expansion and pre-feasibility studies

Stage 3

20,000m

$10,060,000 USD

Duration: 20 months

Definition of measured and indicated resources for feasibility study

Total Investment

$20,120,000 USD

Complete three-stage program for NI 43-101 resource development

Why Copper Phoenix is a Unique Opportunity

Technical analysis for investors

World-Class IOCG Deposits

Iron Oxide Copper Gold type deposits represent some of the world's most valuable iron deposits. With potential resources exceeding 100 M Ton CuEq, Copper Phoenix positions itself as a first-tier asset.

Competitive Advantage: IOCG deposits with copper and gold are highly sought after for their scale and potential for high-value by-products such as silver, cobalt, and molybdenum.

Consolidated Mining Ecosystem

Located in Antofagasta, Chile's mining capital, with direct access to critical infrastructure, active mining operations, and specialized services within close proximity, significantly reducing operational risks.

Key Factor: Proximity to consolidated mining districts and operating projects ensures logistical synergies and lower initial CAPEX in advanced stages.

Optimal Entry Timing

With magnetometry, 3D IP, and structural geological studies completed in the area, Copper Phoenix is ready to advance in NI 43-101 validation drilling. The initial required investment is USD 2.5 M, focusing on validating resources and paving the way for phased valorization.

Perfect Timing: Global copper demand is projected at historic highs due to energy transition and electrification, while supply faces bottlenecks, creating the best scenario in decades for early-stage projects with upside.

Executive Summary

Copper Phoenix represents the perfect convergence between a world-class IOCG deposit, located in the heart of the Atacama mining belt, and the optimal market timing for copper driven by the energy transition.

With completed geophysical, geological, and structural studies and a ready-to-drill project, it offers a unique early-entry opportunity in an asset with estimated valorization exceeding USD 100M, with an initial investment of just USD 2.5M.

World-class IOCG deposit

Location in Atacama mining belt

Studies completed - Ready to drill

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Last updated: September 8, 2025

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Copper Phoenix IOCG

Chile IOCG Belt

Project Evolution