Surge Copper Advances Berg Project Pre-Feasibility Study

Core Viewpoint - Surge Copper Corp. is advancing its Pre-Feasibility Study (PFS) for the 100% owned Berg Project in British Columbia, marking a significant step in the project's development and potential mineral reserve declaration [1][5]. Project Development - The PFS is progressing into full design and cost estimation, with completion expected in the middle of the first half of 2026 [2]. - The PFS will integrate recent drilling, metallurgical, geotechnical, and environmental datasets to update the mineral resource estimate and improve the mine plan [4]. - The PFS is essential for future advancement activities, including initial mineral reserve declaration and Environmental Assessment (EA) readiness [4]. Technical Advancements - The company has completed trade-off studies and finalized key design decisions on throughput and power connection [2]. - Since the 2023 Preliminary Economic Assessment (PEA), the drilling inventory has increased from approximately 54,384 meters in 210 holes to 64,574 meters in 237 holes, enhancing confidence in grade continuity [7]. - A comprehensive metallurgical testwork program has shown improvements in copper and molybdenum recovery expectations compared to PEA assumptions [9]. Engineering and Consulting Engagement - Ausenco Engineering Canada ULC has been appointed as the lead consultant for the PFS, focusing on process plant design and overall report preparation [6]. - Moose Mountain Technical Services Inc. will lead mineral resource estimation and open pit design [6]. Environmental and Indigenous Engagement - Surge is conducting environmental baseline studies to support future permitting and project design, including water quality, wildlife surveys, and socio-economic assessments [11]. - The company emphasizes responsible project design and early alignment with Indigenous Nations and the BC Environmental Assessment process [12]. Policy and Fiscal Environment - The policy and fiscal environment for critical mineral development in British Columbia is evolving positively, with increased support for critical minerals and proposed tax changes to enhance competitiveness [13].