Cygnus announces a 78% rise in M&I resources at the Chibougamau Copper-Gold Project

Mineral Resource Estimate Update: Cygnus Metals announced a significant increase in the Measured and Indicated Mineral Resource (M&I) for the Chibougamau Copper-Gold Project, now totaling 6.4 Mt at 3.0% CuEq, alongside an Inferred Resource of 8.5 Mt at 3.5% CuEq, reflecting a 78% increase in M&I resources since the last estimate.

New Golden Eye Deposit: The update includes an initial Mineral Resource Estimate for the Golden Eye deposit, which shows high-grade resources, indicating strong potential for further growth and exploration, supported by ongoing drilling activities and advanced AI-driven exploration techniques.

Infrastructure and Economic Potential: The Chibougamau Project benefits from established infrastructure, including a processing facility and transportation links, positioning it as a promising near-term development opportunity in a favorable commodity price environment.

Future Plans and Studies: Cygnus is set to advance an updated Scoping Study/Preliminary Economic Assessment (PEA) to enhance project economics, leveraging the increased resource base and current market conditions, with completion expected in Q1 2026.