Timarighine Copper Project

Highlights

Entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company’s strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advancing its exploration activities in North America.

About the Timarighine Copper Property

The Timarighine copper prospect is located in the Tazzarine rural commune within the Tazarine caïdat, Agdez district, Zagoura province, in Morocco’s Drâa-Tafilalet region. Situated approximately 13 km northwest of Tazarine village, the property lies along the southern slopes of the Jbel Saghro in the eastern Anti-Atlas, an area renowned for copper mineralization, including the nearby Oumjrane deposit. Access to the site is available via national road R108, between Nkob and Tazarine, followed by a direct track to the Timarighine area. Covering approximately 55 km², the property comprises four contiguous exploration permits (3842563, 3842734, 3842735, and 3842736).

The Timarighine property lies within an east-west trending depression on the southern front of the Precambrian-aged Saghro massif. Copper mineralization occurs along two parallel vein structures, known locally as “iron cap” zones, marked by extensive alteration zones with hematite and goethite iron oxides. The mineralized structures are characterized by a shear system oriented NNE-SSW and feature local stockwork zones of brecciated carbonate-quartz-pyrite-chalcopyrite veinlets. The two main mineralized veins extend approximately 650 meters and 300 meters in length, with variable widths up to 5 meters (Figure 1: Aerial View of Main Mineralized Structures). High-grade copper identified within these zones also hints at significant primary sulfide mineralization potential at depth, underscoring Timarighine’s status as a high-value copper exploration target.

^{Figure 1: The two parallel mineralized structures, Timarighine property.}

Surface sampling of the vein areas has returned copper values as high as 4.164%*, as documented in ‘’A. Ansari, 2021. Contexte géologique et minier des permis de recherche du district cuprifère de Timarighine (Région de Tazarine ; Anti-Atlas oriental), P29’’. The preliminary investigations indicate that these structures may connect at depth via a network of veinlets and stockwork.

Historical Data Disclaimer

Readers are advised that the historical assays results are based on prior data and reports prepared by previous property owners and other sources. Morocco Strategic Minerals has not independently verified the historical exploration results. The cited report above is on file with the Département des Mines et Direction Régionale Errachidia – Drâa-Tafilalet Region, the Ministry of Energy, Mining, and Sustainable Development, Morocco and can be obtained upon request.

Recent Exploration Activities

Initial grab sampling conducted at surface by Morocco Strategic Minerals on the mineralized structures returned copper values reaching up to 16.16% Cu*, demonstrating the property’s high-grade potential. More recently, as part of a due diligence process, GoldMinds Geoservices Inc. conducted an independent surface sampling program, confirming copper mineralization with values of up to 2.9% Cu. These findings continue to highlight the exploration promise of the Timarighine property. The Timarighine property lies within an east-west trending depression on the southern front of the Precambrian-aged Saghro massif. Copper mineralization occurs along two parallel vein structures, known locally as “iron cap” zones, marked by extensive alteration zones with hematite and goethite iron oxides. The mineralized structures are characterized by a shear system oriented NNE-SSW and feature local stockwork zones of brecciated carbonate-quartz-pyrite-chalcopyrite veinlets. The two main mineralized veins extend approximately 650 meters and 300 meters in length, with variable widths up to 5 meters (Figure 1: Aerial View of Main Mineralized Structures). High-grade copper identified within these zones also hints at significant primary sulfide mineralization potential at depth, underscoring Timarighine’s status as a high-value copper exploration target.

^{*Surface samples, by their nature, are selected and may not represent underlying copper values.}

Option Agreement

This strategic acquisition will be completed through cash payments totaling CAD $600,000 and work commitments of CAD $650,000 over the next three years. The terms of the agreement are as follows:

Cash Payment Schedule:

• Initial Payment: CAD $50,000 by November 20, 2024
(done)
• First Anniversary Payment: CAD $75,000 by November 20, 2025

• Second Anniversary Payment: CAD $75,000 by November 20, 2026

• Third Anniversary Payment: CAD $400,000 by November 20, 2027

Exploration Commitments:

• CAD $150,000 in eligible exploration expenditures by November 20, 2025

• CAD $200,000 in eligible exploration expenditures by November 20, 2026

• CAD $300,000 in eligible exploration expenditures by November 20, 2027


As part of the agreement, Morocco Strategic Minerals will serve as the operator of the Timarighine Copper Project throughout the option period. The Company may choose to accelerate the option exercise by completing the required payments and exploration commitments ahead of schedule. The Company retains the right to terminate the option agreement at any time, thereby relinquishing its interest in the property.

^{The technical and scientific content on this page has been reviewed and approved by Merouane Rachidi, Ph.D., P. Geo., independent qualified person as defined in the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).}