Para Copper Project

Catalyst Summary

DRILL-READY PORPHYRY TARGET

The Para Copper Project is a 2,200-hectare property located within the prolific Coastal Copper Belt of Peru, approximately 130 km southwest of the Lacsha Project.

The project is 100%-owned by Latin Metals through its subsidiary Zafiro Mining S.A.C. and represents a large, undrilled porphyry Cu–Mo system with coincident geochemical and geophysical anomalies that remain open in multiple directions.

TECHNICAL OVERVIEW

Early exploration by Latin Metals and Vale Exploration Peru S.A.C. identified classic porphyry-style copper–molybdenum zonation, defined by a copper–molybdenum core surrounded by a zinc–lead halo.

Latin Metals’ talus and rock chip sampling program (389 samples) returned values up to 17,090 ppm copper and 46 ppm molybdenum, with a 3 x 4 km copper-in-sediment anomaly. Integration of Vale’s 18 km Induced Polarization (IP) survey defined a chargeability–resistivity anomaly consistent with a sulfide-bearing potassic core.  Vale also completed a 34 km ground magnetic survey.

These features collectively indicate a robust porphyry copper–molybdenum system that remains completely untested by drilling. Four high-priority targets have been defined for a proposed 3,000 m initial drill program, with individual holes planned to 600 m depth.

Strategic Location & Infrastructure

The project lies in Peru’s most accessible copper belt, six hours by road from Lima, with low elevation and year-round access.

Para benefits from proximity to infrastructure, including paved highways, power lines, and established mining communities.

The property sits within a structural corridor that also hosts major VMS and porphyry deposits, including Cerro Lindo, La Palma, and Perubar.

Community & Permitting

Latin Metals maintains positive relationships with the local communities. The project qualifies for Peru’s Ficha Técnica Ambiental, a fast-track environmental permitting process that allows applicants to secure drill permissions more quickly.  Surface exploration agreements are in place, positioning the Company to move seamlessly into the permitting phase for initial drill testing.

Recent Developments

Vale Data Integration

In 2025, Latin Metals executed a data purchase agreement with Vale Exploration Peru S.A.C., acquiring a complete exploration dataset including geophysics, mapping, and geochemistry.

As consideration, Vale holds a time-limited Right of First Offer (ROFO), effective upon completion of a prefeasibility study and expiring in 2035.

Expanded Land Position

During Q3 2025, Latin Metals expanded the Para Project by 300 hectares, consolidating 100% ownership over four contiguous mining concessions covering the core copper anomaly.

Next Steps

Latin Metals will integrate 3D targeting from Vale’s data with current fieldwork to refine drill collar locations and the project qualifies for Peru’s Ficha Técnica Ambiental, a fast-track environmental permitting process that allows applicants to secure drill permissions more quickly.