Core Viewpoint - Grafton Resources has entered into a framework agreement to acquire an option for a 100% interest in the Alicahue Copper Project in Chile, which is considered a significant copper discovery opportunity in a world-class mining jurisdiction [1][2] Project Overview - The Alicahue Copper Project spans 3,500 hectares at an altitude of approximately 1,700 meters, located 140 km north of Santiago and near major mining operations [2] - The project area has not undergone systematic copper exploration until recent years, with historical stream sediment anomalies indicating potential [2][3] - Initial exploration has revealed copper values up to 407 ppm and gold values up to 130 ppb in stream sediments [2] Geological Potential - Geological mapping has identified potential for bulk disseminated copper mineralization and high-grade Cu-Au-Ag IOCG-shear zones [4] - The project is situated in the southern projection of the Paleogene metallogenic belt of Chile, which hosts large porphyry deposits [5] Option Agreement Terms - The option agreement includes a five-year timeline for exploration, requiring a total of US$4,000,000 in exploration expenditures over the first four years [7] - The agreement outlines cash and share payments totaling US$150,000 over the first two anniversaries of the definitive agreement [8] Concurrent Financing - Grafton Resources plans a concurrent private placement to raise between US$2,000,000 and US$3,000,000 through the issuance of units priced at $0.50 each [9] - Proceeds will be allocated to acquisition costs, exploration activities, and general corporate purposes [10] Insider Participation - Insiders of the company are expected to participate in the concurrent offering, which may be considered a related party transaction [11]