Super Copper Enters Drill Phase Backed by Strong Capital Position

• Super Copper is a publicly traded copper exploration company with two flagship projects in Chile's Atacama region, having listed in October 2024 and recently closed a $9.75M financing.
• Cordillera project features an 800m+ strike length IP anomaly starting at 200m depth with surface grades up to 10% copper and 200+ samples showing significant mineralisation of 0.5 to 2% copper.
• Imminent drilling program of 5,000m across 8-10 holes targeting 500m depth is planned for end of Q2 2026, with first assays expected Q3 2026, supported by historical drill core showing correlation with IP chargeability responses
• Tight capital structure with only 54M shares outstanding and sequential financings at progressively higher valuations from $0.20 to $0.75 demonstrates disciplined capital allocation over 3.5 years of development

Super Copper, a recently listed copper exploration and development platform, is preparing to execute its first significant drilling campaign at the Cordillera project in Chile's prolific Atacama region. With $9.75 million recently raised and a comprehensive geophysical program completed, the company is transitioning from early-stage exploration to drill-testing what CEO Zachary Dolesky describes as a substantial subsurface anomaly system. For investors seeking exposure to copper exploration in one of the world's premier mining jurisdictions, Super Copper presents a tight capital structure, disciplined execution track record, and near-term catalysts.

Two Projects in Elephant Country

Super Copper controls two flagship projects in the Copiapó region of Chile's Atacama, an area Dolesky characterises as "elephant country" when it comes to copper due to its concentration of large-scale deposits. The Cordillera project is located 45-60 minutes north of Copiapó, while the Castilla project sits 60 minutes south. Both projects benefit from established infrastructure, accessible drilling contractors, and favourable permitting frameworks.

The Atacama region's mining-friendly environment extends to permitting efficiency. Cordillera holds exploitation claims, the highest level of land tenure in Chile for mining operations. This permits up to 40 drill platforms with minimal bureaucracy - the company simply submits notice of drilling intent and can commence operations.

From Family Office to the Atacama

Zac Dolesky founded Super Copper after five years with a family office on Canada's west coast doing direct investing in metals, mining, and technology. Following a successful exit from a technology venture, he relocated to the UAE to establish Super Copper, seeking the "best macro opportunity to dedicate myself for the next 10 years." His focus on copper stemmed from its adjacency to technology and the compelling supply-demand dynamics in the sector.

The company listed on the Canadian Securities Exchange (CSE:CUPR) and OTCQB (CUPPF) in October 2024. Since listing, Super Copper has assembled a technical team that includes Mark Gibson, former Chief Operating Officer of Ivanhoe Electric, serving as technical advisor, and Mike Dufresne, co-founder of APEX Geoscience with approximately 100 staff, as lead geologist. Operations are managed by Andrés Encina, a chemical engineer with experience managing over 200 personnel across all stages from early exploration to operating copper sulfide plants.

What Lies Beneath Cordillera

The Cordillera project inherited limited historical data when Super Copper acquired it with primarily shallow drilling to maximum 200m depth from 2007, with core that had never been properly assayed. However, the project showed extensive surface mineralisation and a significant footprint in a region with substantial artisanal mining activity.

Over three years, Super Copper systematically advanced the project through surface sampling, induced polarization (IP) surveys, ground magnetics, and trenching. The company has now collected over 200 samples, with 25-30% showing significant copper mineralisation ranging from 0.5% to 2%, and peak values reaching 10% copper. A silver component provides additional potential value.

The geological model suggests likely porphyry-style mineralisation, though some high-grade surface results and other indicators could point to Iron Oxide Copper Gold (IOCG) characteristics. Dolesky notes: 

"What we do know is the anomaly systems is they dip down as well. So they go further than 400m subsurface, and starting around 200m subsurface."

Interview with Zac Dolesky, Founder & CEO of Super Copper

Mapping the Anomaly

The recently completed IP survey has defined what Super Copper considers its most significant discovery to date: a coherent anomaly system exceeding 800 meters in strike length and approximately 400m by 400m in width and vertical extent. Critically, the anomaly remains open at both strike and depth, suggesting potential for expansion.

Selective sampling of the 2007 historical drill core has validated the geophysical interpretation, showing direct correlation between IP chargeability responses and copper mineralisation. This correlation provides confidence that the IP anomaly represents genuine mineralisation rather than geological artifacts. Ground magnetics have further refined structural understanding across the system.

Dolesky emphasises the significance of the shallow target:

"Some copper projects start around 500m or lower in terms of surface depth. So this is quite exciting for us."

The main target sits on a prominent hill, potentially enabling drilling from the side to access mineralisation more efficiently.

Drill Bit Drops by Q2 2026

Super Copper has issued nine requests for proposals (RFPs) to drilling contractors, receiving three to four quotes from established teams. Pricing ranges from $220-250 per meter all-in, which the company considers reasonable for the jurisdiction. The initial program will comprise approximately 5,000 meters across 8-10 holes, averaging 500m depth with flexibility to extend based on results.

The drilling strategy focuses on the main IP anomaly with a spread pattern to ensure comprehensive coverage of the kilometer-scale target area. Dolesky explains: 

"We know the location we want to drill, we know it's got some big size, and now it's just going right through it and seeing what the grades really look like."

Timeline expectations call for drilling to commence by end of Q2 2026, with first assays anticipated in Q3 2026. Core will be processed through ALS Labs in Chile, with whom the company has established a working relationship. Historical core from 2007 is stored in Copiapó, and the company will likely use the same facility for new core storage.

Built Lean, Funded to Drill

Super Copper has demonstrated disciplined capital allocation throughout its development. Prior to the recent financing, the company raised only approximately $3.5 million over 4 years while acquiring two projects, completing substantial exploration work, and building a respected technical team. Sequential financings occurred at progressively higher prices: $0.20 on listing to now recently $0.75 per share.

The company currently has 54 million shares outstanding - a tight structure for a dual-listed exploration company. The recent $9.75 million financing included strategic investors and mining entrepreneurs alongside Apeiron Investment Group, the family office of billionaire Christian Angermayer. Importantly, Apeiron principals are actively engaged: "We're chatting constantly. It's not just like a check and then here you go," Dolesky notes.

This capital efficiency matters to investors. Dolesky articulates the value proposition: 

"What you're buying into is a company that's done a lot of grunt work, really grinded it out over the last 3 years, and now we're finally at a stage where we're really able to put all those things into motion and step on the gas."

Castilla Project: Secondary Opportunity

While Cordillera commands immediate attention, the Castilla project provides optionality. Initial work in Q4 revealed what appears to be a clear IOCG pattern, exceeding management expectations for a property with minimal prior exploration. The company plans to execute a comprehensive geophysical program at Castilla while drilling Cordillera, potentially leading to drilling at Castilla subsequently.

This two-project strategy provides multiple catalysts and de-risks the portfolio: 

"What that gives us is two real nice swings of the bat. And even on both these projects, because their size is quite significant, there's a few targets on each one."

The Investment Thesis for Super Copper

• Substantial, shallow copper target: 800m+ strike length IP anomaly starting at 200m depth (vs. industry average 500m+) with surface grades to 10% copper and validated correlation between geophysics and historical drill core
• Near-term catalysts: Imminent 5,000m drilling program with first assays expected Q3 2026, providing multiple newsflow opportunities and binary value inflection
• Premier jurisdiction exposure: Two projects in Chile's Atacama region, the world's leading copper-producing area, with excellent infrastructure, drilling contractor availability, and favorable permitting (exploitation claims held)
• Tight capital structure: Only 54M shares outstanding with disciplined capital allocation history raising $3.5Mover 3.5 years before recent $9.75M financing, sequential raises at increasing valuations from $0.20 to $0.75
• Strategic backing: Apeiron Investment Group (Christian Angermayer's family office) as insider with active engagement, providing capital markets expertise and credibility
• Exploration upside: Both projects (Cordillera and Castilla) show multiple targets with room for expansion; anomaly open at strike and depth; potential for discovery beyond initial program
• Copper macro tailwinds: Exposure to electrification, renewable energy, and AI data center themes driving structural copper demand growth
• De-risked drilling: Historical drilling, IP validation, extensive surface sampling, and ground magnetics provide high-confidence drill targeting versus pure grassroots exploration
• Operational readiness: Permitting in place for 40 platforms, RFPs issued, contractor quotes received ($220-250/m), lab relationships established - execution de-risked

Macro Thematic Analysis

The global copper market faces a structural supply-demand imbalance driven by electrification, renewable energy infrastructure, electric vehicles, and AI data center expansion. Traditional mining jurisdictions like Chile's Atacama region, which produces a significant portion of global copper supply, are critical to addressing this deficit. However, new discoveries have declined sharply over the past two decades while ore grades continue deteriorating at existing operations. Junior explorers like Super Copper targeting large-scale porphyry systems in proven districts represent essential pathways to future supply. 

The company's focus on shallow targets with strong surface expressions in "elephant country" addresses a key industry challenge: most new discoveries now start at 500m+ depth, significantly impacting project economics. The combination of copper's demand fundamentals and scarcity of quality exploration projects in tier-one jurisdictions creates compelling conditions for discovery-focused investments.

TL;DR

Super Copper is drilling an 800m+ strike length copper anomaly in Chile's Atacama region this quarter, targeting shallow mineralisation (200m depth vs. industry average 500m+) validated by 10% surface grades and historical drill core. With $9.75M raised, a tight 54M share structure, and a technical team featuring Ivanhoe Electric alumni, the company offers leveraged exposure to near-term drilling catalysts in tier-one copper territory with potential for significant discovery.

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