Copper Fox Completes Preliminary Geometallurgical Model ON Van Dyke Iscr Copper Project
COPPER FOX COMPLETES PRELIMINARY GEOMETALLURGICAL MODEL
ON VAN DYKE ISCR COPPER PROJECT
Calgary, Alberta – August XX, 2025, Copper Fox Metals Inc. ( “Copper Fox” or the “Company”)
(TSXV:CUU | OTC:CPFXF | FSE:HPU), through its wholly owned subsidiary Desert Fox Van Dyke
Co., is pleased to provide the results of the Preliminary Geometallurgical Model completed by Samuel
Engineering on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-
Miami Mining District, Gila County, Arizona (see news release dated June 23, 2025).
In 202 0, Copper Fox announced the results of an updated Mineral Resource Estimate (MRE) and
Preliminary Economic Assessment (PEA) on Van Dyke using a US$3.15/lb copper price for the Base
Case economic model . The PEA indicates annual production of 8 5 million pounds of Grade A copper
cathode, at full capacity, utilizing the ISCR and solvent extraction and electrowinning (SX/EW) process.
The study highlighted the following:
i. Project economics sensitive to copper price,
ii. Significant exploration potential to increase resource base, and
iii. A recommendation to advance the project to prefeasibility study (PFS) stage.
Preliminary Geometallurgical Model (PGM)
The PGM achieved three critical components for developing an updated geometallurgical model to
support the completion of a PFS level of investigation by identifying the mineralogical domains (zones)
in the Van Dyke deposit, “data gaps” in the project metallurgical results across the deposit and developed
recommendations for future metallurgical testing.
Elmer B. Stewart, President and CEO of Copper Fox , stated, “The PGM has identified the data gaps in
the metallurgical coverage across the Van Dyke deposit and recommendations for future sampling to gain
greater certainty on the metallurgical variability across the Van Dyke deposit. The PGM is a critical part
of the Execution Plan that maps out the scope, timing and estimated cost of the studies required to meet
the threshold of a PFS level study.”
Mineralogical Domains
The mineralogical domains identified in the Van Dyke deposit are consistent with the general description
of “Supergene” copper deposits (see Figure-1 and Table-1). At Van Dyke, the oxide and transition zones
are the main zones of interest. Below the transition/chalcocite zones the mineralization , where present,
consists of sporadic concentrations of chalcopyrite and pyrite.
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Figure -1: Cross section showing distribution of mineralogical zones within the Van Dyke copper deposit.
Mineralogical Zone Description
Leached
Contains variable concentrations of clays and iron-oxides (limonite-
hematite-goethite-jarosite). May contain trace concentrations of copper
oxide minerals. Typically contains less than 200ppm total copper (TCu).
Oxide
Contains variable concentrations of azurite, malachite, and chrysocolla with
lesser concentrations of cuprite and native copper. Contains greater than
250ppm acid soluble copper (ASCu) and very low concentrations of
cyanide soluble copper (CNCu).
Transition Contains variable concentrations of acid soluble and cyanide soluble copper
minerals with gradual transition at depth from ASCu to more CNCu.
Chalcocite Contains CNCu concentrations greater than 0.1%. CNCu concentration is
typically three times higher than ASCu concentrations.
Table-1: General description of the mineralogical zones within the Van Dyke copper deposit.
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Gap Analysis
Metallurgical testwork at Van Dyke consists of; eight (8) pressure leach tests (PRT) on whole core samples
in 2014 and, 65 bottle roll leach tests (BRT) in 2023 from selected drillholes located within the Phase I
leaching plan (year 1 -7) set out in the 2020 PEA. Data gaps in the metallurgical database represent
potential risk of variability in copper extraction and recovery.
The metallurgical testwork completed on similar deposits in Arizona was used to benchmark mineral
characterization, process route selection and assessing processing risks for the Van Dyke project. The
data from these tests were correlated spatially to the 2020 resource block model and the mineralogical
domains identified within the Van Dyke deposit.
Identification of the data gaps allows for pre -selection of representative sample locations within the
mineralogical domains from future drillholes to support an updated geometallurgical model.
Future Testwork Recommendations
Recommendations for additional metallurgical testwork include using whole drill core samples to
characterize the mineralization, identify mineralogy, BRT and corresponding PRT tests to establish
correlation between the two tests, and their associated residue assays to evaluate/confirm optimum acid
addition and consumption, leach cycle duration, and predicted copper extraction (Figure-2).
The closed-cycle PRT tests should include solvent extraction of the pregnant leach solution and detailed
mineralogical studies on head samples as well as leach residues for each test. The quantification of
carbonates and clays should be performed on head samples.
Figure-2: Plan view of the Van Dyke copper deposit show locations of existing and recommended metallurgical
test sample locations. Blue = proposed metallurgical samples; Orange = 2023 BRTs; Green = 2014 PRTs.
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Sampling Protocols
Completion of the PGM established the following protocols for future metallurgical testing:
• Sample preparation and analysis and bottle roll testing on a sub-sample of the head sample.
• Testing protocols, PRT column height, leach solution chemistry, application rates or additional
methods considering hydraulic pressure limits that include the following:
o Consideration of higher initial acid content to improve leach cycle time.
o Define sequential (multiple columns in series) tests to better understand transmissivity and
its impact over time.
o Consideration of reverse flow test for pH optimization.
o Consideration of duplicate tests.
• Assay/mineral studies on the leached sample residue.
Qualified Person
Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company’s non-independent,
nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral
Projects, and has reviewed and approves the scienti fic and technical information disclosed in this news
release.
About Copper Fox
Copper Fox is a Canadian resource company focused on copper exploration and development in Canada
and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries, being Desert
Fox Copper Inc., and Northern Fox Copper Inc. are the 100% ownership of the Van Dyke oxide copper
project located in Miami, AZ, the 100% interest in the Mineral Mountain and Sombrero Butte porphyry
copper exploration projects located in Arizona, the 25% interest in the Schaft Creek Joint Venture with
Teck Resources Limited on the Schaft Creek copper -gold-molybdenum-silver project and the 100%
owned Eaglehead polymetallic porphyry copper project each located in northwestern British Columbia.
For more information on Copper Fox’s mineral properties and investm ents visit the Company’s website
at http://www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact: Lynn Ball at [email protected] or 1-844-464-2820
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward -looking statements within the meaning of the Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward -looking
information within the meaning of the Canadian securities laws (collectively, “forward -looking
information”). Forward -looking information is identifiable by use of the words “believes” , “may”,
“plans”, “will”, “anticipates”, “intends”, “budgets”, “could”, “estimates”, “expects”, “forecasts”,
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“projects” and similar expressions, and the negative of such expressions. Forward-looking information in
this news release includes statements about: advancing the project to the PFS stage; results of a preliminary
geometallurgical model; data gaps; future sampling programs and updating the geometallurgical model.
The economic with the forward-looking information contained in this news release, Copper Fox and its
subsidiaries have made numerous assumptions regarding, among other things: completing the planned
geometallurgical program; the availability of ser vice providers; the geological, metallurgical,
engineering, financial and economic advice that Copper Fox has received is reliable and is based upon
practices and methodologies which are consistent with industry standards; and the stability of economic
and market conditio ns. While Copper Fox considers these assumptions to be reasonable, these
assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox’s actual results,
performance, or achievements to be materially different from any future results, performance or
achievements expressed or implied by the forward -looking information contained herein. Known risk
factors include among others: advancing the project to the PFS stage may not occur as planned or at all;
an updated preliminary geometallurgical model may not be completed as planned or at all; future sampling
programs may not be completed as planned or at all; uncertainties relating to interpretation of the previous
results; the overall economy may deteriorate; uncertainty as to the availability and terms of future
financing; fluctuations in commodity prices and demand; uncertainty related to potential threat of tariffs;
currency exchange rates; and uncertainty as to timely availability of permits and other governmental
approvals.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's
continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All
forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper
Fox disclaims any obligation to revise or update any such forward -looking information or to publicly
announce the result of any revisions to any of the forward-looking information contained herein to reflect
future results, events, or developments, except as required by law.