Imperial Provides Update on Mount Polley

Core Viewpoint - Imperial Metals Corporation reported its 2024 metal production from Mount Polley, achieving 35.7 million pounds of copper and 39,108 ounces of gold, meeting its production targets for both metals [1][2]. Production Summary - In Q4 2024, the Mount Polley Mine treated 1,660,937 tonnes of ore, a 6% increase compared to Q4 2023 [2] - Copper production for Q4 2024 was 9.242 million pounds, up 11% from Q4 2023, while gold production was 9,564 ounces, down 7.6% from Q4 2023 [2] - For the year ended December 31, 2024, total ore milled was 6,741,127 tonnes, compared to 5,948,239 tonnes in 2023 [3] - The average copper grade for 2024 was 0.292%, while the gold grade was 0.263 g/t [3] - Copper recovery rate improved to 82.3% in 2024 from 80.0% in 2023, while gold recovery decreased to 68.6% from 70.4% [3] Exploration Activities - The 2024 Phase 2 exploration program at Mount Polley included 6,758 metres of drilling across 27 diamond drill holes, focusing on near-pit drilling and high-priority targets outside the active pit area [4] - Notable results from the drilling include hole C2-24-115, which intersected 127.5 metres grading 0.72% copper and 1.43 g/t gold, indicating potential for underground mining [5][6] - Additional significant intervals were reported from other drill holes, including C2-24-110, which showed 222 metres grading 0.45% copper and 0.62 g/t gold [7][8] Additional Findings - Drilling in the Gatehouse Zone revealed 25 metres grading 0.30% copper and 0.25 g/t gold, indicating potential for further exploration [10] - In the Wishbone Zone, hole WB-24-264 intersected 4.86 metres grading 2.33% copper, 5.58 g/t gold, and 12.18 g/t silver, showcasing high-grade mineralization [11] - The results from the exploration program will be assessed for potential follow-up drilling [12]