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 Elemes copper-gold porphyry 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 Ltd., in which Teck may sole finance a US$5-million generative exploration program over a portion of the Arras licence package in 2024 and 2025.

Projects in Hand

Arras has assembled 3rd largest (>3,300 sq. km) land package focused on copper-gold in Kazakhstan. The Company’s license package is located in Pavlodar region in northeastern Kazakhstan.

Elemes Project

• Project area: 530 sq. km
• Location: 20km SW from Ekibastuz (125K pop), with excellent amenities and infrastructure. Mining Region with multiple operating mines within 100km radius.
• Deposit Type: Large-scale mineral systems with multiple Cu-Au porphyry and peripheral epithermal Au-Ag style mineralization.
• Exploration: Minimal modern exploration. >31,000 soil samples taken in 2023. Berezski and Aimandai copper anomalies (9km & 14km strike lengths) announced in Q1 2024. Phase 1 Drill Program Q4 2024. Results announced Jan/Feb 2025.

The completion of the ground magnetic survey and Vector IP survey over the Berezski and Aimandai Targets has significantly enhanced the geological understanding and drill targeting across key prospects within the Elemes Project. These surveys have helped refine and prioritize drill-ready targets for the Phase 2 drill program in 2025/2026.

• Completed a 1,000 line-km ground magnetic survey and a 65 sq. km Vector IP survey over the Berezski and Aimandai targets.
• Commenced the Phase 2 drill program at the Berezski Target in Q2 2025, following up on significant intercepts including:
• 547 meters @ 0.70% CuEq on the Berezski North Area (Hole EL24005)
• 261 meters @ 0.64% CuEq on the Berezski Central Area (Hole EL24001)

Tay Project

Porphyry-Cu-Au Target

• Project area: 118 sq. km
• Acquired in February 2024
• 28 km to the north of the Bozshakol open pit copper-gold mine operated by Kaz Minerals.
• Unexplored 6.5km x 2km IP anomaly comparable to the IP anomaly over the Bozshakol Deposit.
• KGK Drilling and Initial Core Hole completed H2 2024 –Assays and Analysis Pending.

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.

High Priority Targets Identified for Drill Testing

• Multiple new Targets defined following 2024 work program
• High Priority Targets identified for 2025 program
• Geophysics (IP) and Drilling commenced in Q2 2025

Akkuduk Project (330 sq. km)

• Besshoky Target
• 20 sq. km lithocap. Consists of strongly altered breccias with wide-spread secondary quartzites, advanced argillic, phyllic and propylitic alteration
• Drilling commenced in April 2025

Investment Highlights

Continue to Leverage First-Mover Advantage in a “New” Tier One Country for Critical Minerals

Kazakhstan

• Kazakhstan is clearly becoming a strategic partner for critical minerals globally
• 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 for Large Scale Potential

• Elemes Project emerging with Berezski Target Phase 1 Drill Program identifying broad Cu-Au intervals (See news releases dated Jan 15 & 29 & Feb 11 2025)
• TWO ~10 km coherent copper in soil anomalies identified
• EL 24001 – 261m @ 0.64% CuEq (starting from 22m) & EL24005 – 547m @ 0.70% CuEq (starting from 14m)
• Teck Strategic Alliance – High Priority targets identified for drill testing in Q2 2025
• Initial 2024-2025 US$5M generative exploration program is fully-funded by Teck before Teck has option to begin earning project interests

Managing Risk & Fully Financed

• Prudent Management focused on maximizing exposure to multiple high-potential opportunities while maintaining tight share structure and spend profile. Fully Funded for 2025 and 2026.

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

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

Wes Carson, Director

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

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. Founder of Daniel Kunz & Associates, LLC. Former President of Ivanhoe Mines & MK Gold. Former VP of Morris & Knudsen Corp. Recently retired President & CEO of Prime Mining Corp.

Christian Milau, Director

Former CEO of Equinox Gold and True Gold Mining. Currently CEO of Saudi Discovery Company (Private). Director of Northern Dynasty Minerals, New Gold & Copper Standard Resources.

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

News Update

On December 16, 2025, Arras Minerals Corp. announced the results from the top of bedrock (KGK) drilling over the Berezski Central and Berezski East targets along with three diamond drill holes at the Novii target that appear to have potentially defined a new porphyry system 1.6 km to the southwest of the Berezski Central target. These results have expanded significantly the prospectivity of the Berezski Trend to the south where the soil copper and molybdenum anomalies disappear below cover. Two drill rigs are currently operating on the Berezski Trend.

Highlights include:

• KGK drilling successfully expanded the Berezski East footprint to >1,000 m of strike length
• Northern and southern extensions of the Berezski Central target identified
• Multiple new Cu-Au mineralized zones discovered between known targets
• Drill hole NOV25003 intersected porphyry-style mineralization 1.6 km southwest of Berezski Central, indicating a >2 km southern extension of the Berezski Trend under cover
• Gravity data shows strong correlation between mineralization and gravity lows

Matt Booth, Vice President of Exploration commented, "We are now seven months into the first major drill program at Elemes, and we are continuing to be surprised by the size potential and quality of the various targets along the Berezski Trend. The KGK drilling, just testing a 1000 m section of the 8.8 km long Berezski Trend has shown that these systems continue for at least 1000 m along strike, and may have identified additional exploration targets adjacent to the known targets. The KGK drilling has been an excellent tool, and we plan to use this technique in 2026 to define the extents of known mineralization and to rapidly explore the entire length of the 8.8 km long Berezski Trend to see if it hosts additional mineral systems."

Mr. Booth went on to add, "Stepping out up to 6.4 km to the southwest of Berezski Central at the Novii target also identified a mineralized hydrothermal system approximately 1.6 km south of the southernmost hole at Berezski Central. With coincident gravity and magnetic lows, consistent with Berezski Central, we will use the recently completed MT survey as well to prioritize follow-up drill targets."

On December 01, 2025, Arras Minerals Corp. , based in Vancouver, Canada focused on large-scale copper-gold exploration and development projects in Kazakhstan today announced that Darren Klinck, President & Director will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on December 4th.

DATE: December 4th

TIME: 11:00 AM ET

LINK:REGISTER HERE

Available for 1x1 meetings: December 3-5, 2025. Schedule 1x1 Meetings here

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

On November 04, 2025, Arras Minerals Corp. announced that the additional drill results from the Berezski Central target at the Elemes Project. Drill holes EL25018 and EL25020 continue to intersect broad zones of copper and gold mineralization and have expanded the footprint of the Berezski Central zone to approximately 600m by 500m and open in all directions. Hole EL25018 has also revealed a potentially new zone of gold mineralization along the western margin of the Berezski Central zone. This new zone represents an exciting potential exploration target for future drilling and further highlights the growth potential of the Elemes Project.

Tim Barry, CEO of Arras Minerals, commented: "Our confidence in the Berezski Central target continues to strengthen with each round of drilling. We are steadily expanding beyond the known zones of mineralization, and results to date have outlined broad, near-surface intervals of copper-gold mineralization over an area now measuring roughly 600 metres by 500 metres. Our goal is to focus on continuing to grow this footprint and unlocking the full potential of the Berezski Trend.

Encouragingly, in drill-hole EL25018, in addition to defining wide zones of copper-gold mineralization from shallow depths and extending the mineralization more than 200 metres north, we've also identified a potential new zone of gold mineralization at depth, which could represent an additional system altogether.

Drill hole EL25020, located 100 metres northwest of hole EL24001 intersected multiple zones of mineralization throughout its length, including a broad 314-metre interval grading 0.30% CuEq. These results, combined with the presence of several porphyritic intrusions, continue to point to a robust and dynamic mineral system at Berezski Central.

We've also just completed a top-of-bedrock drill program across the Berezski Central and Berezski East targets, we'll soon have valuable new data to assess how these areas are related, and to evaluate the potential for a much larger, district-scale porphyry system at the heart of the Berezski Trend."

On October 08, 2025, Arras Minerals Corp. announced the drill results from the Berezski East Target at the Elemes Project. Hole EL25019 delivered wide zones of high-grade gold-copper mineralization starting at surface. This hole underscores the scale potential that is developing in the Berezski Central – Berezski East area of the Elemes Project. Highlights include:

• EL25019:457.50m of mineralization grading 0.63 g/t gold-equivalent ("AuEq") (0.61 g/t Au and 0.10% Cu), starting at surface; including:
• 231.0m grading 0.98 g/t AuEq (0.97 g/t Au, 0.13% Cu) starting from surface
• 91m grading 1.77 g/t AuEq (1.79 g/t Au, 0.19% Cu) starting at 88m depth
• EL25017: 37.0m of mineralization grading 0.13 g/t gold-equivalent ("AuEq") (0.11 g/t Au and 0.02% Cu)
• 9.5m of mineralization grading 0.55 g/t AuEq (0.48 g/t Au, 0.08% Cu)

Tim Barry, CEO of Arras Minerals, commented:" Drillhole EL25019 has delivered an exceptional high-grade gold-copper intercept from surface, confirming Berezski East's strong potential to host broad zones of high-grade mineralization. Broad zones of potassic alteration and the presence of copper minerals such as bornite and chalcopyrite suggests this target may form part of a larger porphyry system — a highly encouraging development. When we look at the area between Berezski Central and Berezski East, we continue to see the potential for continuity and scale. Additional holes are being planned at Berezski East, and we already have a focus at Berezski Central with one dedicated drill rig currently operating there."

On September 08, 2025, Arras Minerals Corp. announced the assay results from drillhole EL25016, from the ongoing drilling on the Elemes Project in Northeast Kazakhstan. The program is designed to systematically test multiple high-priority targets along the 8.8-kilometre Berezski and the 14-kilometre Aimandai Trends. Highlights include:

• EL25016: 276m of mineralization grading 0.58 % copper-equivalent ("CuEq") (0.21% Cu and 0.32 g/t Au), starting at surface; including:
• 104m grading 1.14% CuEq (0.46 % Cu, 0.63 g/t Au) starting from surface
• 52m grading 1.64% CuEq (0.72 % Cu and 0.86 g/t Au) starting at 48m depth

Tim Barry, CEO of Arras Minerals, commented:"The results from Hole EL25016 located approximately 300 metres southeast of Hole EL24005 intersected thick zones of high-grade copper-gold mineralization from surface. Interestingly, this hole shows very good grades and widths right from surface outside of the breccia zone that carried much of the higher-grade intercepts in the earlier two holes, EL 24005 and EL25014A. This is a positive outcome for this most recent drill hole and for future follow-up targeting." He went on to add, "While we still need to further trace the origin of the high-grade breccia zone at Berezski North, we have now defined a 600 metre NW-SE trending zone at Berezski North that remains open in the northwest and southeast directions and at depth."

On August 27, 2025, Arras Minerals Corp. has released results from drill holes EL25014, EL25014A and EL25015, part of the continuing 2025 drill program at the Elemes project in northeast Kazakhstan. The program is designed to systematically test multiple high-priority targets along the 8.8-kilometre Berezski and the 14-kilometre Aimandai trends. Highlights include:

• EL25014A: 154 m of mineralization grading 1.09 per cent copper-equivalent (CuEq) (0.29 per cent Cu and 0.72 g/t Au), starting at 130 m depth; including:
• 118 m grading 1.38 per cent CuEq (0.36 per cent Cu and 0.91 g/t Au) starting at 130 m depth;
• 24 m grading 2.32 per cent CuEq (0.42 per cent Cu, 1.73 g/t Au) starting at 144 m depth.
• Results confirm the presence of a large, well-developed hydrothermal system along the Berezski 8.8-kilometre Berezski trend.

Tim Barry, chief executive officer of Arras Minerals, commented: "Hole EL25014A underscores the quality of copper and gold mineralization at the Berezski North target and continues to confirm the scale of the mineralized system we are drilling into. This hole was collared approximately 300 m northwest of hole EL24005 which reported 547 m at 0.70 per cent CuEq starting from 14 m and announced in our Feb. 11, 2025, news release. Hole El25016 as outlined in Figure 2 [in the original version of this release] is collared approximately 300 m to the SE of hole El25014A and, once assay results are available for this hole, we will then review next steps for the Berezski North target." He continued: "This result builds on our recent announcement of 578 metres at 0.42 per cent CuEq from the Berezski Central target, located approximately five kilometres to the south. Together, these intercepts highlight the district-scale potential of the Elemes project. With only a small portion of our phase II drilling completed along the 8.8-kilometre copper-in-soil anomaly that defines the Berezski trend, we believe there remains substantial upside yet to be tested. The presence of thick mineralized intercepts often starting at surface and with broad zones exceeding 0.8 per cent CuEq at Berezski North is particularly encouraging. We're excited to build on this momentum as we advance what we view as one of the most compelling copper-gold exploration opportunities in Kazakhstan."

On August 13, 2025, Arras Minerals Corp. has released results of drill holes EL25012 and EL25013 from the 2025 drill program currently under way on the Elemes project in northeastern Kazakhstan. The program aims to test widespread targets along the 8.8-kilometre Berezski trend and the 14-kilometre Aimandai trend.

Highlights include:

• EL25012: 578 metres of mineralization grading 0.41 per cent copper equivalent (0.14 per cent copper and 0.21 gram per tonne gold), starting at three-metre depth, including:
• 440 m grading 0.49 per cent CuEq (0.16 per cent Cu and 0.25 g/t Au) starting at 137-metre depth;
• 114 m grading 0.53 per cent CuEq (0.22 per cent Cu and 0.20 g/t Au) starting at 147-metre depth;
• 252 m grading 0.52 per cent CuEq (0.15 per cent Cu and and 0.29 g/t Au) starting at 325-metre depth.

Tim Barry, chief executive officer of Arras Minerals, stated: "Arras has three drill rigs currently turning across our licence package in northeast Kazakhstan. Two of the drill rigs are working on the Elemes project, and the third is following up targets identified on the Arras-Teck exploration alliance properties. The initial pass of the phase 2 drill campaign currently under way on the Elemes project aims to build on the success of our 2024 drill campaign and continue to target a wide variety of areas along the 8.8-kilometre Berezski trend and the 14-kilometre Aimandai trend. Hole EL25012 represents an excellent start to the phase 2 program intersecting the thickest interval of gold-copper mineralization encountered to date at Berezski Central, highlighting the scale and depth potential of the system. We now plan to focus one rig at Berezski Central to commence a systematic drilling program with an aim to further enhance understanding of structural controls and build scale at this target."

He went on to add: "Hole EL25013 is also very encouraging. While lower grade, it intersected nearly 300 metres of porphyry-style mineralization, 1.7 kilometres north of EL25012, demonstrating widespread thick pervasive mineralization along the Berezski anomaly. Furthermore, hole EL25013 is the first drill hole to test the five-kilometre gap between Berezski Central target and Berezski North target -- which drilling, announced in February of this year, intersected 547 metres of 0.70 per cent CuEq starting from 14 metres."

June 10, 2025, Arras Minerals to Mobilize Second Drill Rig to Elemes Project, Provides Exploration Update, and Announces Termination of Beskauga Option Agreement

A second drill rig is expected to arrive at the Berezski Target over the next 3-4 weeks to accelerate the Phase 2 Elemes drill program.

Exploration activities are also progressing rapidly on the Arras-Teck Strategic Alliance properties. Notably, the Company has completed an 80-line kilometre pole-dipole IP survey across key targets and has commenced a 5,000-meter drill program focused on high-priority zones.

Beskauga Option Agreement Termination: Arras has elected not to proceed with the US$15 million option payment to Copperbelt AG for the acquisition of the Beskauga Project and has formally terminated the option agreement. Attempts to secure a partnership agreement with a third party, as well as parallel discussions with Copperbelt AG to explore alternative arrangements, did not result in a viable path forward.

The decision not to exercise the Beskauga Option reflects Arras’s strategic view that the capital would be more effectively allocated toward advancing new exploration opportunities and unlocking value across the Company’s 3,300 square kilometre land package in Kazakhstan.

https://www.arrasminerals.com/june-10-2025

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