Aston Bay Holdings Reports Promising Copper Resource Estimate in Nunavut

Aston Bay Holdings Ltd. has filed a National Instrument 43-101 technical report detailing an initial Mineral Resource Estimate (MRE) for its Storm Copper Project located in Nunavut, Canada. The report highlights substantial copper resources with promising economic potential.

The MRE reveals indicated resources of 8.2 million tonnes at 1.47% copper and inferred resources of 3.3 million tonnes at 1.30% copper across six distinct deposits. Notably, over 90% of the contained metal can be accessed through open-pit mining techniques, suggesting cost-effective extraction methods.

The mineralization is predominantly characterized by high-grade chalcocite, a copper sulfide mineral known for its economic value. An important aspect of the current resource estimate is that all six deposits remain geologically open, indicating significant potential for future resource expansion through additional exploration and drilling.

Aston Bay and its joint venture partner, American West Metals Limited, are strategically positioning the project for future development. A Preliminary Economic Assessment is scheduled for the third quarter of 2025, with a strategic funding package potentially covering up to 80% of initial development costs.

The Storm Copper Project represents a significant opportunity in the North American copper exploration landscape. As global demand for copper continues to increase, driven by renewable energy infrastructure, electric vehicle manufacturing, and technological advancements, projects like Storm become increasingly valuable.

The resource's location in Nunavut, a Canadian territory with established mining infrastructure, further enhances its potential. The proximity to existing transportation networks and the region's supportive mining regulatory environment could expedite future development stages.

By identifying and quantifying these copper resources, Aston Bay Holdings has taken a critical step toward potentially transforming the Storm Copper Project from an exploration prospect to a viable mining operation. The comprehensive resource estimate provides investors and industry stakeholders with a clear understanding of the project's current economic potential and future growth prospects.