MMG reports encouraging Izok Corridor project exploration results

MMG Limited announced encouraging exploration results from its Izok Corridor project, located in Nunavut and the Northwest Territories, following summer field seasons in 2024 and 2025. The program included 6,150m of drilling, geophysical surveys, and mapping across 44 targets, confirming outcropping mineralisation at multiple sites.

Resource extension drilling at High Lake East in 2025 yielded high-grade mineralisation, with holes intersecting copper equivalent (CuEq) grades up to 13.83% Cu, 9.89 g/t Au, and 82.5 g/t Ag. This supports an update to the Mineral Resource Estimate for High Lake and the definition of a maiden Mineral Resource Estimate for High Lake East. High Lake also saw positive drilling results, extending mineralisation along strike and at depth, with intercepts including 21.00m at 6.84% Cu, 1.07 g/t Au, and 10.0 g/t Ag.

FLEM surveys identified important conductive targets for VMS-style mineralisation, which will be followed up in 2026. MMG plans 12,000m of drilling in 2026 to further test known resources and new targets identified through regional reconnaissance.