Ann: Quarterly Activities and Cashflow Report, page-20

Dave O’Neill and Tom Ullrich comments highlight complementary perspectives on the Storm Copper Project's recent results.

O’Neill emphasizes the project's commercial momentum, focusing on resource growth, near-term Direct Shipping Ore (DSO) production, and streamlined, cost-effective processes, presenting Storm as a significant mining opportunity. Ullrich, meanwhile, provides a more technical viewpoint, cautious, reflecting on geological insights and the project's potential through validating models and exploring deeper mineralization.

Together, their statements underscore a balance between advancing immediate commercial goals and deepening the technical understanding needed for long-term resource development.