Arras Minerals Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the option agreement on the Beskauga copper and gold project. The Company has established the third-largest licence package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December, 2023, the Company entered into a strategic alliance with Teck Resources in which Teck will sole finance a US$5-million generative exploration program over a portion of the Arras licence package in 2024/2025 focusing on critical minerals.

PROJECTS IN HAND

Arras has assembled 3rd largest (>3,300 sq. km) land package focused on copper in Kazakhstan

Multi-pronged Approach to Regional Exploration (>3,300 sq. km) in Northeastern Kazakhstan

Elemes & Tay Projects

Arras holds 100% interest in Elemes/Aimandai (>600 sq. km) & Tay (118 sq. km acquired Feb 2024)

Elemes

• Project area: 530 sq. km
• NEW DISCOVERY Copper in soil anomalies
• >31,000 soil samples taken in 2023. Berezski and Aimandai copper anomalies (9km & 14km strike lengths) announced in Q1 2024
• Elemes is the most advanced of the regional license package with some historic drilling
• Drilling planned for H2 2024

Tay

• Project area: 118 sq. km
• Newly acquired license in February 2024
• Historical Soviet IP Survey outlining undrilled IP anomaly under shallow cover.
• Remarkable similarities to IP anomaly at nearby (26 km south) Bozshakol copper mine (>1Bt at 0.52% CuEq)

Beskauga Project

• Option to acquire 100% of Beskauga in 2025 for US$15M
• ~ 70,000m of drilling completed
• Significant large-scale Cu-Au Porphyry
• NI 43-101 Resource*:
• 1.75 Moz Au & 334 Kt Cu (Indicated)
• 1.49 Moz Au & 222 Kt Cu (Inferred)
• KGK drilling through ~30m of overburden into bedrock identify anomalous copper and gold over 4 km of strike
• Mineralization remains open at depth and along strike with further drilling required
• Evaluating partner interest to advance exploration and development studies

_{* https://www.arrasminerals.com/resources-estimate}

Teck-Arras Strategic Exploration Alliance

Arras entered into a Strategic Alliance Agreement with Teck Resources Limited in December 2023 to form a Strategic Alliance focused on exploration for critical minerals in Pavlodar, Kazakhstan.

• Teck to fund $5M generative exploration program for 2024 – 2025 over select Arras licenses (~1,900 sq. km)
• After initial phase, Teck will have the option to select up to (4) projects of 120 sq. km each and commence funding exploration programs to begin earning equity interest to a max of 75% by spending US$47.5M per project.

Bozshakol Group of Licences

These licenses form part of the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023 (the “Bozshakol Project”), and are located nearby and surrounding the operating large-scale Bozshakol copper mine, operated by Kaz Minerals.

Arras commenced a 3,381 km airborne (helicopter) electromagnetic (EM) (“Heli-TEM”) survey at its Bozshakol group of licenses in July. This survey will provide a significant amount of quality data to help guide future exploration as Arras commences its hunt for additional porphyry deposits adjacent to the large-scale Bozshakol copper mine. (See news release dated July 22, 2024)

Soil sampling and KGK drilling to test top of bedrock through unconsolidated cover is also planned for some areas in 2024.

Akkuduk, Besshoky and Nogurbek Licenses

Follow up geologic mapping and soil sampling is planned for high-priority areas within this licence group with an objective to advance to drill-ready targets for 2025.

Investment Highlights

Kazakhstan

• Kazakhstan is one of the most mineralogically endowed countries, quickly evolving into a strategic global partner for critical minerals and energy security
• Kazakhstan Cost Advantage is one of the differentiators…. US$0.48/l diesel, 2.5 cents/kWh energy, US$125/m for core drilling, skilled workforce at very competitive wage rates.
• 60% of Foreign Direct Investment in Kazakhstan annually from Europe and North America

Mining and Minerals – a Government (and Society) Priority

• Top 10 producer globally for many of the minerals and metals we use every day & widely accepted as key part of economy

Accelerating Discovery Opportunities on a Highly Prospective Belt

• Elemes Project emerging with TWO ~10 km coherent copper in soil anomalies (announced Q1 2024). Drilling planned for H2 2024.
• Arras holds 100% exposure to significant (and expanding) Beskauga Copper-Gold Project, Ekidos & Stepnoe licenses and high priority regional licenses Elemes and newly acquired Tay.
• Teck Strategic Alliance boosts near-term exploration news flow & further demonstrates proof on concept for Arras in NE Kazakhstan
• Initial 2024-2025 US$5M generative exploration program is fully-funded by Teck before Teck has option to begin earning project interests

Managing Risk

• Prudent Management focused on maximizing exposure to multiple high-potential opportunities while maintaining tight share structure and spend profile

Being Opportunistic

• Continue to leverage first-mover advantage for additional project opportunities, taking advantage of positive company reputation in Kazakhstan

Management

Management, Directors and Advisors

Tim Barry, Chief Executive Officer & Director

Based in Kazakhstan. Professional Geologist with over 20 years experience throughout Mongolia, West/Central Africa, Australia, New Zealand, Canada & Mexico.

Darren Klinck, President & Director

Based in Vancouver. ~20 years experience throughout North/Central America and Australasia. Former President & CEO of Bluestone Resources. Former EVP & Head of Business Development of OceanaGold. Honorary Consul for Republic of Kazakhstan in British Columbia.

Chris Richards, CA, CPA, Chief Financial Officer

Based in Vancouver. ~20 years experience. Great Panther Mining Ltd.; Kazakhstan based Kyzyl Gold Ltd. (Ivanhoe Group); NovaGold Resources, KPMG.

Matthew Booth, Vice President of Exploration

Geologist with 20 years experience focused on greenfields, brownfields and production settings in Latin America and Australia. Formerly with Golden Minerals, First Quantum Minerals, Consolidated Minerals Ltd. and Arian Silver.

Brian Edgar, Chairman

Corporate & Securities lawyer with broad resources experience. Former Director of Red Back Mining & Lucara Diamonds. Director of Denison Mines.

Wes Carson, Director

Currently VP of Mining Operations at Wheaton Precious Metals. Over 20 years of mine building experience.

Vera Kobalia, Director

Founder of Kobalia Consulting and Olyn Inc. Former Deputy Chair of Astana Expo 2017 National Company. Former Minister and Advisor to the President, Republic of Georgia.

Daniel Kunz, Director

Over 30 years experience in engineering, management & finance. Manager of Daniel Kunz & Associates, LLC. Recently retired President & CEO of Prime Mining Corp.

Christian Milau, Director

Former CEO of Equinox Gold and True Gold Mining. Currently CEO of Blue Dot Carbon Corp.

Technical Advisors

Dr. Craig Hart

World-renowned scholar on gold and copper deposits. Recently served as Director of the Mineral Deposit Research Unit at The University of British Columbia and has published over 150 technical papers. Previously spent 14 years with the Yukon Geological Society.

Dr. Steve Israel

Partner at the geological consulting firm Archer Cathro and Associates. Worked as a project geologist at the Yukon Geological Survey for 15 years.

Dr. John Mark Staude

Over 20 years of experience in precious and base metals exploration. Currently President & CEO of Riverside Resources.

News Update

On October 16, 2024, Arras Minerals Corp. has commenced two vector-array induced polarization (VIP) surveys, covering a total of 178 square kilometres, over the Aktasty and Maisor exploration targets defined by recent soil sampling programs. These targets are located within its Bozshakol group of licences that form part of the Arras/Teck Resources Ltd. strategic exploration alliance announced on Dec. 7, 2023, surrounding the operating Bozshakol mine, operated by Kaz Minerals (P&P (proved and probable) reserves 1,003 million tonnes at 0.34 per cent copper and 0.13 gram per tonne gold). Highlights from the VIP survey program:

• 178-square-kilometre total program split into two areas:
• 71 square kilometres on the Aktasty target;
• 107 square kilometres on the Maisor target;
• Two geophysical teams working concurrently to complete the programs promptly.

The reconnaissance VIP surveys are being used to cover large tracts of ground relatively quickly compared with other induced polarization (IP) techniques. The VIP will provide chargeability and resistivity data to approximately 300 metres depth, when integrated with Heli-TEM, top-of-bedrock KGK drilling and limited surface geological data, to assist the company in the definition of future drill targets. At present, Aurora Ltd. has provided two teams to conduct the Aktasty and Maisor surveys concurrently, and the surveys are expected to be completed within the next 45 days.

Tim Barry, chief executive officer of Arras Minerals, commented: "We have engaged the local service provider, Aurora, to conduct the first modern IP survey on our Aktasty and Maisor licences. Fieldwork to date on these licences has revealed exposures of porphyritic rocks with strong phyllic alteration through windows of the quaternary sediments that cover much of the eastern side of these licences. The package we have seen thus far is typical for what you might expect in a porphyry environment and hints at mineralizing systems in the region that maybe buried by the shallow sediment cover."

On October 09, 2024, Arras Minerals Corp. has completed its top of bedrock (KGK) drill program to explore the Maisor and Aktasty exploration targets defined by the 2023 soil sampling programs. These targets are located within its Bozshakol group of licences that form part of the Arras-Teck Resources Ltd. strategic exploration alliance announced on Dec. 7, 2023, surrounding the operating Bozshakol mine, operated by Kaz Minerals (P&P (proven and probable) reserves 1,003 million tonnes at 0.34 per cent copper (Cu), 0.13 gram per tonne (g/t) gold (Au)). Highlights from the KGK drilling:

• A 434-hole program totalling 11,106.2 metres (m) of KGK drilling;
• Program explored nearly 270 square kilometres;
• Explored northeast continuation of Bozshakol historic IP anomaly and surrounding area.

Tim Barry, chief executive officer of Arras Minerals, commented: "We're thrilled to have wrapped up the KGK drilling program on the Maisor and Aktasty licences. This drill program is part of a much larger exploration program we have been conducting this summer under our strategic alliance with Teck. The areas targeted by the KGK drilling are situated right next to the Bozshakol mine and have long been overlooked due to the 10 to 40 metres of quaternary cover, which has historically hindered exploration in the area. It's well-established that porphyry deposits often cluster together in many regions and we're optimistic that this drilling could lead to the discovery of additional deposits around Bozshakol. We're now preparing the drill samples and will be sending them off for analysis shortly."

September 4, 2024, Arras Minerals Commences Drilling at Elemes Project and Provides Exploration Activities Update from Kazakhstan Projects

https://www.arrasminerals.com/september-4-2024

July 22, 2024, Arras Minerals Initiates Heli-Temgeophysical Survey of Its Maisor and Aktasty Mineral Licenses, Kazakhstan

https://www.arrasminerals.com/july22

July 18, 2024, Arras Minerals Upgrades OTC Listing to OTCQB

https://www.arrasminerals.com/july-18-2024

July 15, 2024, Arras Minerals Commences KGK Drilling On Its Tay Exploration License, Kazakhstan

https://www.arrasminerals.com/july-15-2024

July 2, 2024, Arras Minerals Commences Ground IP Survey at Elemes Project, Kazakhstan

https://www.arrasminerals.com/july-2-2024

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