COPPER 360 LIMITED - Drilling and surface sampling confirms a potentially large on surface high grade copper deposit at the first of four

Drilling and surface sampling confirms a potentially large on surface high grade copper deposit at the first of four

Copper 360 Limited
(Formerly Big Tree Copper Limited)
(Incorporated in the Republic of South Africa)
Registration number 2021/609755/06
JSE Share Code: CPR ISIN: ZAE000318531
("Copper 360" or "the Company")


DRILLING AND SURFACE SAMPLING CONFIRMS A POTENTIALLY LARGE ON SURFACE HIGH GRADE COPPER
DEPOSIT AT THE FIRST OF FOUR MAGNETIC DRONE DELINEATED ANOMALIES AT THE HISTORICALLY MINED
TWEEFONTEIN COPPER MINE.

Highlights

    •    High-resolution Drone Survey delineated at least a 1,5km magnetic anomaly on surface, with 4
         distinct copper anomalies.
    •    Surface sampling confirms copper grades of between 2,12% and 17,47% on surface at the first
         anomaly.
    •    Mineralised borehole intersection grades vary from 5,0m @ 2,71% Cu in situ to 14m @ 3,74% Cu in
         situ at anomaly 1.
    •    The Strike-extent of the anomaly is projected to be at least 500m from current geological data.
    •    The Copper mineralization represents what could be a new copper mine adjacent to the historically
         mined Tweefontein Mine.
    •    The Tweefontein mine reportedly produced 138,683 tonnes of rock at a recovered grade of 25,4%
         between 1937 and 1950.
    •    Drilling is ongoing and will target anomalies 2,3 and 4 next.


Jan Nelson, CEO of Copper 360 commented: "The Tweefontein Mine that was historically mined was the highest
grade mine in the entire Copper district with an average recovered grade of over 25%. Magnetic Drone surveys
and surface sampling by our geological team delineated the 1.5km anomaly adjacent to the historical copper
pay-shoots and further confirmed by surface sampling over the anomaly on zone one with copper values of up
to 17% in situ. Our drilling down to 50m confirmed a zone of between 5m to 14m with grades of between 2,71%
Cu and 3,74% Cu in situ. The mineralization is open to depth. This discovery is significant as we have only
scratched the surface and have yet to drill further to depth and test the other 3 anomalies which are much larger
than the first anomaly we drilled. Should these anomalies yield the same result then we could easily have
identified a new mine that could be 4 times the size of the Rietberg Mine and 3 times the grade."

The available although limited, historical exploration and mining data of Tweefontein Mine has been digitally
captured and utilized for delineation of drill targets.

Drilling commenced at Tweefontein Mine following up on surface copper mineralisation observed and sampled.
To date, 10 short NQ core-size holed where completed on three drill sections. Coordinates are supplied in
UTM33S WGS84 format.

   Drillhole           Easting        Northing           RL         Azimuth       Dip        Depth(m)

  TF360_001         783370.761         6731221       1224.233         180°       -45°          20.01

  TF360_002         783370.636         6731222         1222           180°       -65°          29.21

  TF360_003         783370.945         6731216       1223.844         180°       -45°          15.57

  TF360_004         783372.404         6731207        1223.46          0°        -70°          29.26

  TF360_005         783342.216         6731207       1220.995         180°       -45°          20.11

  TF360_006         783342.268         6731209       1221.155         180°       -65°          26.21

  TF360_007         783342.241         6731208       1221.122         180°       -55°            25
  TF360_008          783342.28        6731202       1220.808          180°        -45°       12.33

  TF360_009         783349.536        6731197       1221.226              0°      -70°       39.21

  TF360_010           783325          6731202           1222          180°        -45°       17.11



Although some analytical data has been received, most of the holes still needs to be sampled and assayed. Some
preliminary intercepts at 0.50% Cu and 3m maximum allowed dilution is tabled below:

                          BHID         From        To             Width        Grade

                          TF360_001        13.17        18.17        5.00         2.71

                          included         14.17        18.17        4.00         3.26

                          TF360_002        18.21        20.21        2.00         0.67

                          TF360_005        13.20        17.20        4.00         4.20

                          TF360_007        14.40        18.40        4.00         2.76

                          TF360_009         6.20        20.56       14.36         3.74

                          included          6.20        15.21        9.01         5.12



A vertical (~70°) mineralised mafic body dipping to the North has been intersected. Drilling will continue to
determine strike-length as well as depth continuation, which are still open.

High-resolution drone magnetics survey was carried-out at 50m line spacing and 30m flight height. The magnetic
data clearly delineated at least 1.5km strike with four strong anomalies correlating well with known and
historically mapped copper mineralised mafic rock types. Cross-cutting structures such as faults were also
located. Drilling is currently taking place on anomaly 1.

Dr Deon Tobias Vermaakt (PhD Geology) (SACNASP 400020/01) acts as the competent person to the Company
and has verified the drillhole results presented above.



Stellenbosch

20 February 2024

Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 20-02-2024 08:00:00
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