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Speaker 1: We think this next phase of drilling, based on the

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knowledge of what we have and the way the targets

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are shaping out and some of the trenching that we're doing,

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we think it's going to really give us incredible opportunities,

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not just on probability for potential discovery, but it's going

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to give us scale, the scale that everybody likes with

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this area. We've spoken to Samalis recently and we've shown

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them these targets and we've shown what we're learning about

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the project, and.

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Speaker 2: They love it.

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Speaker 1: They have not changed their appeal to it. We haven't

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changed ours. Everybody on the team is very excited about it.

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Speaker 3: The Financial Survival Network now more than ever, the Financial

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Survival Network.

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Speaker 2: Welcome. This is Financial Survival Network. I'm your host, Carrie Lutt.

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We're sitting down with Ivan Beebeck, CEO of Copernico Metals

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for a major sponsor update. I haven't great to see you.

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Speaker 1: Hey.

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Speaker 2: First, I know there's a lot going on with company.

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Everyone's watching the metals price. This is gold, copper, even

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silver kicking in till today thinking wow, this is the

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big move. It's happening. Now. What's your take?

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Speaker 1: Yeah, well, it certainly started you know, my take is

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being twenty five years in the business, going through you know,

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the two thousand era with the dot com run in tech,

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and then watching it transition back to mining and metals

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and that run that went through twenty twelve, and then

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seeing things like the eight events, and we all know

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there's considerable debt and some tariffs that are affecting a

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lot of things around the world. The improved metal prices

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is the first major box that we should all be

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excited about because that's going to start to affect from

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the top down some of the largest companies. We're seeing

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companies like Agnacal Ego hitting record prices at all highs.

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On the gold side, we haven't seen a big move

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yet in the copper companies, but the copper price has

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recently come off three ninety a pound in December and

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it's pushing, you know, in the futures through five dollars

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a pound. You know, my view is the cycle is

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turning slower than everyone is anticipating, but it's turning bigger

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than we've ever seen before in terms of the bull

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market that we're headed towards. In terms of equities, there's

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definitely a global issue with commodities, and copper is one

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of the main critical metals, not just becoming recently one

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in the US, but with China and everyone else in

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the electrification of the planet. My view with the economy

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is there is some concerns of a recession that is

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anti or counter copper. The tariffs did put a premium

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on US copper versus lame copper, which is trading less

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per ton than US copper. So we're just going to

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get through this first wave of the new administration as

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these tariffs take their place, and you know, no matter

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how the rules change or what's happening, it doesn't make

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it easier to find major copper supply or copper deposits.

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And that's there's going to always be that challenge, which

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is perfect for US as looking for copper. As copper

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prices are anticipated to a rise. You know what I'm

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really encouraged by is each quarter of high copper prices

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will really improve the bottom line on the larger companies

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and the producers. You're seeing debt get cleaned up, you're

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seeing share buybacks with some of them. You're seeing all

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the things that are notoriously you know, consistent with the

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start of previous bull market, so I think we're absolutely there.

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The challenge isn't copper, it's quality copper. I think there's

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plenty of low grade copper in the world, but it's

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a time time crunch. How long will it take to

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get the low grade copper or these you know, to

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build new minds and get that copper supply to match

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the demand. And that's really what's going to drive the

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copper price here in the next few years to come.

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As an explorer, you know, you have to be careful

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here because copper exploration is very capital intensive. It requires

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quite a bit more drilling the most goal discoveries to

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really get that return for shareholders, and the bigger you swing,

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the more expensive it is. So in the case of Copernico,

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we are in a tremendous position financially, we have capital.

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Into the middle of next year, we're finishing our first

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twenty holes and starting to really understand the major opportunity

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we signed up for, which is to go find a

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tier one copper discovery, something to make a potential to

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make the top ten or twenty copper minds in the world.

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There was shortage is in the front of us. So

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as an equity investor. I'm not worried about the share price.

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I can't control that in in a soft equity market

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for copper or metal stocks, but I am extremely, extremely

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aggressive with strategy and building the fundamentals so that when

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that market catches up and when we can reevaluate and

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rerate with a better copper equity market, we have some

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of the best things to drill in the world, and

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that's what we're working to.

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Speaker 2: Warrants on that note, So what's happening right now? I

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understand you drilled twenty holes. Yeah, we drilled twenty holes.

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This was our first look.

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Speaker 1: We had a polygon that was designed back in twenty

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eighteen nineteen, and these holes we had some hit great hits,

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like nineteen meters of half a percent that's missing with

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but we drilled a lot of i'll call it in

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Layman's term, smoke, and we're seeing a lot of vectoring

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that's taken us outside our polygon. There's an area on

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the property called Firasso which has eight historical holes underneath

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a substantial trench. They certainly confirm the third dimension and

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it's a deposit expanding target. It's our best target on

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the entire property. It's kind of what drove us for

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the nine year way to bring this project online. We

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are working and making advancements towards the permits to get

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access to that area, and we would expect updates on

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that sometime soon, probably in the middle of the year

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here going into the summer. And a second to that,

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we are also trenching and we're processing the data. Which

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half of those holes are back. The rest will come

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back at the end of April. And what we see

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as a preliminary speculation to set the tone right is

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we see a lot of vectoring to some really substantial

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targets that are just outside our polygon. In addition to

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areas like Firasso. If you looked at our last prest release,

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we found two new areas, Antipampa and also typic Coniat

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and these areas have We've been trenching on some of

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these areas as well as other areas in the project,

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and right now we're extremely excited with these projects coming

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to light. There's some very very interesting findings that I

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think will once we get results back in the next

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few months here, we'll really set the tone from the

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next round of drilling that we're going to do with

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this project. So you know, the question that I had

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and why it's been a bit quiet from us corporately

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for the last few months, is you know, we wanted

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to know is this system real and is it really big?

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And the answer is yes, and yes, the bigger it is,

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the harder it is to find sometimes. But the team

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has done a remarkable job and there's some very very obvious,

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substantial multikilometer drill targets that we've been vectoring towards, which

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everyone will hear about on the back of the first

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round of results. The areas we haven't drilled yet, like Sorry,

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Firasso and Niok. These are really, really, really robust outcrop

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targets with a lot of access to obvious surface minilization

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and bedrock. These will be a big focal point going

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forward in the next phase of drilling, and it we'll

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expand into some of these other big targets that I've mentioned,

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But this project has multi generational discovery potential. In the

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next few months, we'll see a lot of trenches from

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new areas. Some of the outcropped areas we didn't have

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access to previously and now we do, and we're advancing

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a substantial drill permit and increasing our polygon about four

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times the size of what it was, so we can

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drill all of these areas that I'm talking about and

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have access to drill as many as two hundred holes

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with multiple drill rigs. So we're setting ourselves up for

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the next wave of drilling. We'll have a really good

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summer with trench results that will lead into two other

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targets that kind of compete with Firasso on appeal, and

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we'll be drilling Fiaso first. We'll work through those targets

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and see if we can start making these world class

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discoveries we've talked about.

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Speaker 2: So everything that brought you here and that led you

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through nine years of labor to get the permits and

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get financing everything in place, you're still absolutely sure that

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you know you're onto something here.

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Speaker 1: Oh it's you know, in terms of potential, it's gotten better.

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I have a lot more conviction now than I did

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before we started drilling and the first wave of drilling.

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You know, we're all looking for those discovery holes. But

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where are you in the system? Is the system real?

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Speaker 2: Is it there?

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Speaker 1: And it's pointing us towards you know, we're close, and

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there's some very very big targets, and we still haven't

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drilled the main targets that drove that exact equation of

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nine years of waiting. We still haven't drilled that yet.

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And we'll get to drill that later this year is

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our goal. Hopefully by the end of summer, going into

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the fourth quarter. That's our time frame right now. That's

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subject to change. It could be better, it could be

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a little bit later. That's just how pro works on

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the permitting side. But nothing has changed from the scope

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of it. On the negative side, it is just we

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see it there. We're finding new things. The new things

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we're finding are substantial. We got to work on more areas.

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We're also trying to work on a new area called

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Machuma Chai. There's a program going there. It's one of

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our best footprints that we've identified in one hundred thousand hectares.

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It's got the strongest copper and gold draining off that area.

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This is a very under explored area as well, so

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you will see a series of substantial targets come. You

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will see it improved polygone so we have access to

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drill where that all of the drilling we've done is

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vectoring this and you'll see this get access to some

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of the more obvious minializations such as set Piasso. But

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this is just the beginning. And if you know scar

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and discoveries, I know a few of them. One was

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lost Filos in Mexico. It was whole seventy two before

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they really hit it and knew they were on to

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a twelve million ounced gold scarn. In some other ones

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it's a whole one hundred and three. In the case here,

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we have those holes already in an area that we

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should be able to drill later this year and expand significantly.

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Where we've tested and where we've drilled, it's given us

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incredibly valuable information and we've shortened down that timeframe where

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we don't think it's going to take seventy or one

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hundred holes. We think this next phase of drilling, based

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on the knowledge of what we have and the way

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the targets are shaping out and some of the trenching

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that we're doing, we think it's going to really give

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us incredible opportunities, not just some probability for potential discovery,

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but it's going to give us scale, the scale that

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everybody likes with this area. We've spoken to s Alice

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recently and we've shown them these targets and we've shown

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what we're learning about the project and they love it.

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They have not changed their appeal to it. We haven't

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changed ours. Everybody on the team is very excited about it.

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Speaker 2: Yeah. Well, that's that's what we want to hear. And

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the window, the window is narrowing and the opportunity is there.

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I'm holding shares, been holding them for years myself, and

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nothing has changed my mind. So as far as the

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next pro drill program goes, what can what can we

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look forward to there?

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Speaker 1: Yeah, So, first we'll get the results out of everything

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we drilled, will make a clear presentation to the market

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about exactly where it's vectoring us and exactly those next steps.

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This should really come out in the next thirty to

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ninety days. That the results within thirty days, and then

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the next steps will be quite formal because we're waiting

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for other data from trenching some of these new areas

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that we're going to want to be able to drill

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as well, and so that will be the first few

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months in front of us right now. And then secondly

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would be advancing permits, which they could come relatively quickly,

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but it is Peru and things tend to take time

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on the from the side, things tend to take time

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on the permitting side, And what I would expect on

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the proving side would be to get to a point

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where we could have a drill turning sometime in the

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fourth quarter. That is a bit of a time for

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cherylders to wait to turn the drill, but it looks

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like we're going to have some really good catalysts from

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some of these new targets that are quite robust. In

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the meantime, we've also spoken openly and considered getting a

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copper project in the US, and we've all seen a

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big shift in the US towards the copper market itself

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and mining in general, with the you know, favorable support

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to advance and fast tracks a lot of good projects.

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We'd love to have a US Brouvian portfolio so we

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could and something we could drill in the near term,

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and we've identified some substantial projects that we're in the

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midst of completing due diligence. But we're really trying to

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position the company so that it has at least two sombarros,

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you know, in its portfolio. One of the US went

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to Peru prior to we before we see this big

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copper turn in copper prices and the copper equities, and

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to quantify the copper price, we all just saw the

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running copper that I think was primarily driven off tariffs.

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Speaker 2: You know.

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Speaker 1: I think if you look back to last May, when

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copper was five dollars a pound on spot, that was

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a much different copper equity market than there is today.

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There was no tariffs involved at that time, and the

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appeal to own and invest, and we did a large

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financing in that environment was dramatically different. I think that

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market's coming, but I don't think it's coming till the

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second half of the year. So if you're a copper

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investor and you want to be part of a major,

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major opportunity where you could have multiple major discoveries, we

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fit that profile. We're trailing at a deep discount to

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what we think is the speculative value of what we're

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seeing and what we have as an opportunity, and we're

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not worried about that. We're more interested in about when

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we turn the drills, when we get to that point

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of really driving the catalyst and the company what does

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that copper environment look like. Is it on track to

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perform perfectly in line with our strategy and so far

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I think it is. And as far as a US

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copper asset, if we can add a substantial one into

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the portfolio, this would give us the chance to de

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risk any permitting delays or risks down in Peru and

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give us something very local in the US and a

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country that's really making advancements towards mining and making it

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more favorable. So I think we could achieve a very

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good premium out of a US copper success story that

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we could add to Saber.

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Speaker 2: Yeah. Yeah, And I think everyone in the sector looked

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at the President's moves to speed up permitting in the

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US and drilling and actual building of a mine that's

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probably going to spread around the world. It seems to

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me that's an exorable trend. It's been waiting to happen

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because the electrification sounds great, but where's the copper coming from.

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I think there's a wake up call across the planet

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that without minds, you don't get the copper, and without

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the copper, all your dreams, whether they're realistic or not,

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are completely unachievable.

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Speaker 1: Yeah, absolutely, the electrification pathway is real and it's not

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going to slow down. It's going to continue on. And

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if you look at the reality and some of the

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reports of how much copper is going to be needed

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over what period of time and how much copper is left,

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like some of the largest minds in the world are

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halfway mined. And not only is that an issue for

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a supply, but it's the depth of how deep they're

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going to have to go to get the copper out,

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And so the copper price has to perform from a

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supply demand issue. In terms of the quality minds, if

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you can find something like we're looking for as scarn,

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scarns in a notoriously higher grade generally than most other

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copper deposits, they're tricky, they take a bit longer to find,

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but if you get them right, that's where you can

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make a substantial value creation for shareholders and share price

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and value of the opportunity. But in that case, I

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see a challenge in the copper supply issues for quality copper.

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I see that the timeline to bring these things online

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is heavily impeded by a current ESG initiatives, various governments

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and the US is certainly going to change that tone

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within the US because they recognize that copper is key,

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as they've identified it as a critical metal to the US.

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And I think, as you said, you know, we've seen

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a lot of impact on political geopolitics in other countries

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when the US has either gone left or right with

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its politics, and right now it's going in the right

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direction for the next four years, and that gives us

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perfect timing to see how much much much improved metals

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and mining market that we think is just starting, albeit slow,

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but it's on the verge I think of really breaking out.

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Speaker 2: It really has to in order to in order to

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get the metal that's necessary, the profit is going to

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have to be there because the risk. We know the

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risk isn't going down, so if the price doesn't go

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up to compensate for the risk, it's not going to

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be there. So it absolutely has to. I think this

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just the beginning. It appears to be tariff driven, but

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it could be much deeper than that, and that's what

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we're going to find out later on in the year.

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I don't appreciate you coming on as always again. Go

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to Copernico Metals dot com sign up for notifications these

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ticker symbols in the US CPPMF. In Canada COPR IVAN,

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Happy drilling and we'll talk to you soon.

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Speaker 1: Thank you so much. I'm looking forward to a great

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second half of this year with permits underway, a lot

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of results that come both from drilling and trenching, and

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a very exciting second half of the year. Thank you

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so much.

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Speaker 3: Carrie, the Financial Survival Network