World Copper Information Technical Report for Up to date Useful resource Estimate for the Zonia Mission

This information launch constitutes a “designated information launch” for the needs of the Firm’s prospectus complement dated July 17, 2024 to its quick kind base shelf prospectus and amended and restated quick kind base shelf prospectus dated June 7, 2024

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) (“World Copper” or the “Firm”) is happy to announce that additional to its information launch dated September 9, 2024, World Copper has filed on SEDAR+ a Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Tasks (“NI 43-101”) technical report for an up to date mineral useful resource estimate (the “Up to date Useful resource Estimate”) for the Zonia copper-oxide deposit in Arizona, USA (“Zonia” or the “Mission”).

The NI 43-101 technical report is entitled “Useful resource Estimate for The Zonia Mission 2024 Replace” (the “Technical Report“) and is dated October 24, 2024 and dated efficient August 27 , 2024. The Technical Report was ready pursuant to NI 43-101 by Sue Chook, P.Eng., of Moose Mountain Technical Providers (“MMTS“), an unbiased certified individual as outlined by NI 43-101 (the “QP“). The Technical Report is obtainable on World Copper’s SEDAR+ profile at www.sedarplus.ca and is obtainable on World Copper’s web site at www.worldcopperltd.com.

Up to date Useful resource Estimate for Zonia

The Up to date Useful resource Estimate incorporates Indicated Sources of 109.9 million quick tons grading 0.299% total-copper (TCu) containing 657 million kilos of copper, and Inferred Sources of 59.2 million quick tons grading 0.254 % total-copper containing 301 million kilos of copper, which is a big enlargement of the Zonia useful resource estimate within the Indicated class in comparison with earlier estimates. These numbers differ barely from these within the September 9, 2024 information launch https://www.sedarplus.ca/csa-party/information/doc.html?id=36569ac7f403fafcdc1c63db82f0b1569d3b0209b2fed187f0276066b6fcce1b, as changes had been made to the calculation for depletion from historic underground workings.

The categorised sources are outlined intimately in Desk 1 on the base case cut-off grade of 0.18% and at a spread of cut-off grades in Desk 2. The Up to date Useful resource Estimate was accomplished for World Copper as a part of the Firm’s total exploration plan for Zonia (see information launch dated Could 22, 2022).

Desk 1. Up to date Zonia Mineral Useful resource Estimate on the Base Case Cutoff Grade

 

Notes to the Up to date Useful resource Estimate Tables:

1. The efficient date of the Up to date Useful resource Estimate is August 27, 2024.
2. Sources are reported utilizing the 2014 CIM Definition Requirements and had been estimated utilizing the 2019 CIM Greatest Practices Tips, as required by NI43-101
3. The bottom case Mineral Useful resource has been confined by “cheap prospects of eventual financial extraction” form utilizing the next assumptions:

1. Steel worth of US$4.00/lb of Cu
2. Metallurgical restoration of 75% in oxides and 70% within the transitional zone
3. Offsite prices of US$0.05/lb of Cu
4. Processing Prices of US$4/ton milled and Normal & Administrative (G&A) prices of CDN$ 2.00/ton milled
5. Mining value of CDN$2.00/ton mined
6. 48-degree pit slopes
7. The 150% worth case pit shell is used for the useful resource confining form

4. The ensuing NSR = Cu*US$3.95/lb *0.75 for oxides and NSR = Cu*US$3.95/lb *0.70 within the transitional zone.
5. It’s moderately anticipated, although not assured, that almost all of Inferred Mineral Sources may very well be upgraded to Indicated Mineral Sources with continued exploration (see “Cautionary Notice to United States Buyers”).
6. Numbers might not add resulting from rounding.
7. There aren’t any materials variations between the mineral sources reported within the September 9, 2024 information launch and the Technical Report.

Desk 2. Zonia Mineral Sources Over a Vary of Lower-off Grades

 

Mineral sources that aren’t mineral reserves shouldn’t have demonstrated financial viability; nonetheless, an affordable prospect of eventual financial extraction pit has been used to restrict the Up to date Useful resource Estimate utilizing parameters detailed within the desk notes. The QP for the Up to date Useful resource Estimate is just not conscious of any environmental, allowing, authorized, title, taxation, socio-economic, advertising and marketing, political, or different related elements that might materially have an effect on the Up to date Useful resource Estimate. Elements that will have an effect on the estimate embrace: metallic worth assumptions, modifications in interpretations of mineralization geometry and continuity of mineralization zones, modifications to kriging assumptions, metallurgical restoration assumptions, working value assumptions, confidence within the modifying elements, together with assumptions that floor rights to permit mining infrastructure to be constructed will probably be forthcoming, delays or different points in reaching agreements with native or regulatory authorities and stakeholders, and modifications in land tenure necessities or in allowing requirement.

Zonia Useful resource Modelling

Information verification efforts for the Up to date Useful resource Estimate carried out by MMTS included discussions with World Copper personnel, private inspection of the Mission space with the gathering and submission of verify samples to an exterior laboratory, an audit of the exploration drillhole database, and an in depth assessment of further info obtained from historic reviews and data supplied by the Firm. MMTS additionally accomplished checks on the geologic info as in comparison with the paper logs, and checks of the assay values contained within the exploration database as in comparison with assay certificates supplied by World Copper.

QUALIFIED PERSONS

Sue Chook, P.Eng., of MMTS, an unbiased certified individual as outlined by NI 43-101, has reviewed the scientific and technical info that types the idea for this information launch and has accepted the disclosure herein.

ABOUT World Copper Ltd.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian useful resource firm centered on the exploration and growth of its copper porphyry initiatives: Zonia in Arizona and Escalones in Chile. Each initiatives have estimated sources with important soluble copper mineralization, and so they boast thrilling potential to broaden the useful resource base. The Firm is devoted to sustainable practices and leveraging expertise to develop protected and productive mining operations in steady, mining-friendly jurisdictions.

Detailed info is obtainable at World Copper’s web site at https://worldcopperltd.com, and for normal Firm updates you might observe us on our social media pages by way of Fb, Twitter & LinkedIn.

On Behalf of the Board of Administrators of

World Copper Ltd.

“Gordon Neal”

Gordon Neal
President & Chief Government Officer

Observe us:

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Neither TSXV nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Notice Relating to Ahead-Trying Statements

This information launch incorporates forward-looking statements and forward-looking info (collectively, “forward-looking statements”) throughout the which means of relevant Canadian and U.S. securities laws. All statements, aside from statements of historic truth, included herein together with, with out limitation, statements with respect to anticipated exploration program outcomes from exploration actions, and the invention and delineation of mineral deposits/sources/reserves, are forward-looking statements. Though World Copper believes that such statements are cheap, it may give no assurance that such expectations will show to be appropriate. Ahead-looking statements are sometimes recognized by phrases reminiscent of: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “might”, “ought to”, “would”, “will”, “potential”, “scheduled” or variations of such phrases and phrases and comparable expressions, which, by their nature, discuss with future occasions or outcomes that will, might, would, would possibly or will happen or be taken or achieved. In making the forward-looking statements on this information launch, World Copper has utilized a number of materials assumptions, together with with out limitation, market fundamentals will lead to sustained copper demand and costs, the receipt of any needed permits, licences and regulatory approvals in reference to the longer term growth of Zonia in a well timed method, the supply of financing on appropriate phrases for the event, development and continued operation of World Copper’s initiatives and its skill to adjust to environmental, well being and security legal guidelines.

Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of World Copper to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such dangers and different elements embrace, amongst others, working and technical difficulties in reference to mineral exploration and growth actions, precise outcomes of exploration actions, together with on Zonia, the estimation or realization of mineral reserves and mineral sources, the timing and quantity of estimated future manufacturing, the prices of manufacturing, capital expenditures, the prices and timing of the event of latest deposits, necessities for added capital, future costs of copper, modifications on the whole financial circumstances, modifications within the monetary markets and within the demand and market worth for commodities, lack of investor curiosity in future financings, accidents, labour disputes and different dangers of the mining trade, delays in acquiring governmental approvals, permits or financing or within the completion of growth or development actions, dangers regarding epidemics or pandemics, together with the influence on World Copper’s enterprise, monetary situation and outcomes of operations, modifications in legal guidelines, rules and insurance policies affecting mining operations, the shortcoming of World Copper to acquire any needed permits, consents, approvals or authorizations, the timing and potential final result of any pending litigation, environmental points and liabilities, and dangers associated to three way partnership operations, and different dangers and uncertainties disclosed in World Copper’s steady disclosure paperwork. All of World Copper’s Canadian public disclosure filings could also be accessed by way of www.sedarplus.ca and readers are urged to assessment these supplies.

Readers are cautioned to not place undue reliance on forward-looking statements. World Copper doesn’t undertake any obligation to replace any of the forward-looking statements on this information launch or integrated by reference herein, besides as in any other case required by legislation.

Cautionary Notice to United States Buyers

World Copper prepares its disclosure in accordance with the necessities of securities legal guidelines in impact in Canada, which differ from the necessities of U.S. securities legal guidelines. Phrases regarding mineral sources on this information launch are outlined in accordance with NI 43-101 underneath the rules set out in CIM Requirements. The U.S. Securities and Trade Fee (the “SEC”) has adopted amendments efficient February 25, 2019 (the “SEC Modernization Guidelines”) to its disclosure guidelines to modernize the mineral property disclosure necessities for issuers whose securities are registered with the SEC underneath the U.S. Securities Trade Act of 1934.

Because of the adoption of the SEC Modernization Guidelines, the SEC will now acknowledge estimates of “measured mineral sources”, “indicated mineral sources” and “inferred mineral sources”, that are outlined in considerably comparable phrases to the corresponding CIM Requirements. As well as, the SEC has amended its definitions of “confirmed mineral reserves” and “possible mineral reserves” to be considerably much like the corresponding CIM Requirements.

U.S. traders are cautioned that whereas the foregoing phrases are “considerably comparable” to corresponding definitions underneath the CIM Requirements, there are variations within the definitions underneath the SEC Modernization Guidelines and the CIM Requirements. Accordingly, there isn’t a assurance any mineral sources that World Copper might report as “measured mineral sources”, “indicated mineral sources” and “inferred mineral sources” underneath NI 43-101 can be the identical had World Copper ready the useful resource estimates underneath the requirements adopted underneath the SEC Modernization Guidelines.

In accordance with Canadian securities legal guidelines, estimates of “inferred mineral sources” can not kind the idea of feasibility or different financial research, besides in restricted circumstances the place permitted underneath NI 43-101.

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