How Culpeo Minerals Is Unlocking Chile’s Copper Potential with New Targets and Acquisitions

Exploration Momentum at Lana Corina and Vista Montana

Culpeo Minerals Limited has reinforced its position as a copper exploration leader in Chile with the confirmation of a well-defined 250m by 250m copper porphyry target at the Vista Montana Prospect, part of the Lana Corina Project. Surface sampling at Vista Montana revealed impressive grades including up to 2.62% copper and notable gold and silver content, suggesting a robust mineralised system. The company plans to commence a diamond drilling program at Vista Montana following the completion of ongoing drilling at the Fortuna Project, aiming to test the potential continuity of a 3km copper trend linking these prospects.

Fortuna Project Advances with High-Grade Copper Zones

At the Fortuna Project, located just 25km north of Lana Corina, Culpeo has identified multiple new Iron Ore Copper Gold (IOCG) and porphyry-style copper-gold targets at the La Florida Prospect. Recent trenching and surface sampling have delineated a highly prospective corridor extending 1.7km in length and 500m in width, with assays returning copper grades as high as 2.70%. A four-hole diamond drilling program totaling approximately 1,400 meters is underway to test these targets, with assay results anticipated in the third quarter of 2025.

Strategic Acquisition of Jupiter Copper Project

In a strategic move to expand its portfolio, Culpeo entered into a staged option agreement to acquire up to 100% of the Jupiter Copper Project in Chile’s prolific Antofagasta region. The 4,000-hectare project hosts multiple small-scale mines and two large zones of anomalous copper mineralisation, with surface samples grading up to 4.33% copper and 3.24g/t gold. The acquisition terms include staged payments and drilling commitments, allowing Culpeo to progressively increase its ownership interest up to full control upon completion of feasibility milestones.

Corporate Developments and Funding

Culpeo secured a favourable amendment to the Lana Corina earn-in schedule, retaining the option to increase its ownership to 80%, with a right of first refusal for full ownership. The company completed a strongly supported equity placement raising approximately A$3.02 million before costs, earmarked for advancing drilling and exploration activities across Lana Corina, Fortuna, and Jupiter projects. Additionally, Culpeo appointed Michaela Stanton-Cook as Joint Company Secretary, complementing the existing governance team. At the end of the quarter, the company held A$0.159 million in cash with zero debt, and post-quarter received A$2.49 million from the placement.

Outlook and Next Steps

With drilling programs underway and assay results pending, Culpeo is positioned to unlock significant value from its high-grade copper systems in Chile’s Coastal Cordillera. The company’s strategic acquisition of the Jupiter Project further enhances its exposure to tier-one copper provinces. Negotiations for a long-term access agreement with the local Soruco community near Vista Montana are progressing, which will be critical for sustained exploration activities. Investors will be watching closely for upcoming drilling results and corporate milestones that will shape Culpeo’s growth trajectory.