56,000 Hectares, 13,000 Mapped: New Survey Targets Hidden Copper System in Peru

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Coppernico Disclosures

1. Coppernico is solely responsible for the technical information herein about its Ccascabamba project, such disclosure having been reviewed by its qualified person Tim Kingsley, C.P.Geo. 
2. Streetwise Reports has written this article with information compiled from third-party sources and does not make its own opinions. The information presented in this article comes from Coppernico Metals (when writing technically about the Ccascabamba project), and third-party sources outside of both Coppernico Metals and Streetwise Report’s control. 

Coppernico Metals Inc. (COPR:TSX; CPPMF:OTCQB; 9l3:FSE) has launched a large-scale geophysical program at its Sombrero copper-gold project in Peru. Conducted through its subsidiary Sombrero Minerales SAC, the initiative includes a UAV (unmanned aerial vehicle) magnetic survey over approximately 13,000 hectares and a ground gravity survey spanning 7,000 hectares. These surveys are intended to enhance geological modeling, refine drill targets, and clarify the extent of the mineralized system at Sombrero.

The UAV survey comprises roughly 760 line-kilometers of new data and is designed to extend geophysical coverage northward and southward into areas such as Antapampa and Tipicancha that were not previously covered. Infill survey lines are planned in priority zones to achieve higher resolution imaging, targeting magnetic and structural features associated with skarn and porphyry mineralization.

Simultaneously, the first-ever gravity survey at Sombrero is underway. Gravity methods are used to detect density contrasts between rock types, which can help outline features such as skarn horizons, intrusive centers, and structural corridors. According to the company, previous drilling has shown strong density differences between mineralized and unmineralized zones, supporting the application of gravity data.

The work is being carried out by Deep Sounding EIRL, a Peruvian geophysical survey specialist. The resulting data will be integrated with previous induced polarization (IP) and geological datasets to update Coppernico's 3D geologic models. The company expects the new data to guide the next phase of drill targeting across the district.

Tim Kingsley, Vice President of Exploration, commented in the news release, "These surveys will meaningfully advance our understanding of the covered portions of the large mineral system at Sombrero. By combining magnetic, gravity, and IP datasets, we aim to identify coincident anomalies that may highlight zones of mineralization and refine our 3D geologic model across the district."

Coppernico noted that the surveys represent a critical step in developing a pipeline of drill-ready copper-gold targets throughout its 56,400-hectare property.

Coppernico's current work supports its broader objective of delineating a high-grade copper-gold system analogous to nearby large-scale operations in Peru's Andahuaylas-Yauri Belt. The Sombrero project, located approximately four hours from Ayacucho by road, has access to paved highways, high-tension power lines, and nearby towns, giving it logistical advantages for fieldwork.

Coppernico previously completed an inaugural drill program at the Ccascabamba area, where 20 diamond drill holes covering approximately 8,200 meters identified a skarn system. The company's October 2025 investor presentation highlighted historical drilling results from the area, including intervals such as 116 meters at 0.42% copper and 0.24 g/t gold in hole FE-DDH-03A, along with channel samples at the Fierrazo zone returning 232 meters of 0.47% copper and 0.13 g/t gold.

Copper Prices Surge Amid Global Supply Constraints and Market Speculation

Copper prices remained near record highs in early December, driven by a convergence of supply concerns and investor activity. On November 30, Bloomberg reported that copper advanced to a new peak of US$11,334 per ton on the London Metal Exchange, amid mounting fears of a supply crunch. The article noted that futures in the U.S. surged as much as 1.7%, spurred in part by efforts to move material into the country ahead of proposed import tariffs. Bloomberg emphasized that these movements could "exacerbate shortfalls elsewhere as miners struggle to keep up with demand."

On December 4, a follow-up report from Bloomberg added context to the sharp price movements, pointing to trading activity and global logistics. Goldman Sachs analysts, including Aurelia Waltham, offered a more cautious perspective, writing that "most of the recent copper price increase is based on expectation of future market tightness, rather than current fundamentals." The bank projected that prices would remain between US$10,000 and US$11,000 per ton in 2026 and suggested that the global copper market would not enter a genuine shortage until 2029. While Goldman raised its short-term forecast, it maintained that the current breakout above US$11,000 was unlikely to be sustained, citing only a modest deficit of 500,000 tons in 2025 and a small surplus of 160,000 tons forecast for 2026.

The same Bloomberg article noted that "critically low" inventories outside the U.S. might be mitigated through tighter spreads on the LME and higher regional premiums. However, a significant withdrawal of copper from LME warehouses in early December intensified short-term concerns, triggering what Chaos Ternary Futures called "immediate worries about a supply squeeze."

Further illustrating market sentiment, the Lunch Wrap report Stockhead published on December 4 highlighted how the copper rally lifted the Australian mining sector. The article stated that "copper hit yet another record last night so the big diggers did what they do best: carry the rest of the index," referencing how major mining stocks helped offset broader market softness on the ASX.

While some market voices remained optimistic about the long-term potential of copper due to its role in electrification and infrastructure, others underscored the volatility and complexity of the current price environment. According to Goldman Sachs, Chinese copper consumption was expected to decline by nearly 8% year-over-year in the fourth quarter of 2025, before rebounding slightly in 2026.

Analyst Highlights Large-Scale Potential at Nioc and Sombrero

In a research update dated September 4, Steven Therrien of 3L Capital emphasized the scale potential at Coppernico Metals' Nioc target and the broader Sombrero Project in Peru. Therrien pointed to recent surface sampling results as a key factor in improving the project's exploration outlook.

The note described the interpreted skarn systems at Nioc's Zones 1 and 2 as potentially representing a deposit system "containing hundreds of millions of tonnes," contingent on confirmation of mineralization at depth. Therrien referenced historical drilling at the nearby Fierrazo target in the Ccascabamba area, which included results such as 116 meters grading 0.42% copper and 0.24 grams per tonne gold. These intervals were cited as evidence supporting widespread mineralization throughout the property.

Therrien also noted that the larger Sombrero land package contains signs of multiple mineralized centers and offers significant exploration potential. Several priority targets, he added, have yet to be tested by modern drilling or systematic sampling.

Mapping the Hidden Potential of Sombrero

Coppernico is leveraging modern geophysical technologies to build upon a decade of exploration and surface work at Sombrero. The integration of magnetic, gravity, and induced polarization data is expected to provide a more comprehensive view of subsurface structures and potential mineralization corridors.

The company has already received drill permits for up to 49 holes from 38 pads in the Ccascabamba area and is in the process of expanding its permitted drill area. Coppernico's regional strategy also includes advancing newly identified targets such as Antapampa and Tipicancha, which exhibit geological similarities to the Nioc and Fierrazo zones, as well as incorporating areas like Rumi, Milpoc, and Macha Machay into the exploration pipeline.

Coppernico's presence in Peru is supported by long-standing community partnerships and the employment of local personnel with agricultural and technical expertise. These relationships have been key to advancing exploration while supporting development programs in the Huancasancos region.

With a land position of 56,400 hectares and access to both legacy data and modern survey tools, Coppernico is working to refine its geological understanding and establish a clear foundation for future drilling campaigns. 

Ownership and Share Structure¹

Coppernico Metals is owned by strategic investors, including Teck Resources Ltd. (TECK:TSX; TECK:NYSE) with 9.9% and Newmont Mining (NEM:NYSE, NGT:TSX, NEM:ASX) with 5.6%. 

Overall, the ownership of Coppernico is 18.37% by institutions, 15.54% strategic entities, 5.13% management and insiders, and the rest, 60.96%, is retail.

Coppernico has 177.3 million outstanding shares and 145.47 million free float trading shares. Its market cap is CA$41 million. Its 52-week range is CA$0.12–CA$0.54 per share.