Element 29 Resources Targets Major Copper Discovery as Drilling Expands

Exploration strategy focused on growing copper resources for global electrification

What is Element 29 Resources trying to discover?
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Element 29 Resources is expanding drilling at its flagship copper project in Peru, aiming to significantly grow its existing resource and test the potential for a billion-tonne scale mineral system.

Copper is often described as the metal that moves energy.

Every major electrification trend relies on it.

Power grids, renewable infrastructure and electric vehicles all require large volumes of copper to transmit electricity efficiently.

Element 29 Resources is exploring for the deposits needed to supply that future demand.

The company’s name reflects its focus. Element 29 is the atomic number of copper, highlighting its commitment to discovering and developing copper resources.

According to CEO Richard Osmond, large-scale copper deposits are increasingly difficult to find.

Much of the “low-hanging fruit” in global exploration has already been discovered.

That challenge is driving companies to revisit promising geological systems with modern exploration tools.

Element 29’s primary focus is its Elida copper project in Peru, where a maiden resource estimate was announced in 2022 following approximately 14,000 metres of drilling.

Since then, exploration activity has continued to grow.

The company has completed more than 23,000 metres of drilling, with the current campaign targeting roughly 25,000 metres total.The latest drill hole announced in January 2026 included over 1,500 mters of continuoous mineralization that averaged 0.56% copper equivalent, with the grade getting better at depth. Elida is open at depth and along trend.

Management believes continued drilling could potentially double the open-pit resource while expanding the broader mineralized system to more than one billion tonnes of in-situ material.

In addition to its flagship asset, Element 29 controls three additional copper projects that remain largely unexplored

For more information on Element 29 Resources Inc. (TSX.V: ECU, OTCQB: EMTRF) please click the request investor info button.

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