Fitzroy Minerals Provides Corporate and Exploration Update

Core Insights - Fitzroy Minerals Inc. is focusing on advancing its Buen Retiro and Caballos copper projects following successful exploration results in H1 2025 [1][2] - The company plans to divest its Polimet, Taquetren, and Cariboo projects to streamline operations and concentrate on core projects [6][8] Financing and Corporate Strategy - Fitzroy is funded for exploration and development work on core projects until 2027, with a strong treasury position following a recent financing of C$12.54 million [3][8] - The company aims to drive value on a per-share basis by concentrating on the Buen Retiro and Caballos projects, which have shown the best results to date [3][4] Buen Retiro Project Update - The 2025 exploration program at Buen Retiro will include 12,000 to 14,000 meters of drilling, with two diamond drill rigs currently active [7][9] - Initial results indicate the presence of near-surface copper mineralization, and the company plans to add a reverse circulation drill rig to expedite exploration [4][10] Caballos Project Update - Exploration at Caballos is progressing, with plans to add additional drill rigs to enhance drilling efforts [5][14] - The company is investigating geophysical methods to identify concealed mineralization beneath younger volcanic rocks [15][16] Polimet Project Update - Phase I drilling at Polimet totaled 2,486.4 meters across 12 drill holes, revealing multiple mineralized structures [17][22] - Initial results show promising copper and gold grades, with potential for high-grade zones along structural trends [20][21] Next Steps - Future drilling at Polimet will prioritize the San Pedro Trend and other key target zones to delineate high-grade shoots and contribute to a maiden resource [22][24]