Khoemacau/Boseto Exploration

Cupric's work has concentrated on defining the Khoemacau Project's Zone 5 underground Cu-Ag resources, as well as the high-grade Cu potential of the district. The Company expanded its land position with the acquisition of the Boseto Property in 2015, and now controls 4,040 square kilometers of mining & exploration licenses in this highly prospective region of the Kalahari Copper Belt

A number of mineralized zones with MI&I resources have been identified by previous operators beyond Zone 5. Recent exploration by Cupric led to the discovery of the Zone 5 North deposit. New targets and deeper drilling have added to the total Cu-Ag resources. These resources represent widespread Cu-Ag mineralization at the target horizon and along a 150 kilometer trend within Cupric's land position.

The district's MI&I contained metal totals 6.6 million tonnes of copper (over 14 billion pounds of contained copper) and 262 million ounces of silver. This substantial metal endowment over a large area is characteristic of sediment-hosted, stratiform Cu-Ag deposits and districts. Given this broad geologic context, high-grade upside in zones of Cu-Ag enrichment is the Company's exploration focus.

Cupric is currently drilling at the Zone 5 North and Zeta NE high-grade deposits. Recent positive exploration drill results have led to two initial Inferred Mineral Resources.