Coppernico Receives Final Permit: 300 Holes, 20,000 Meters, Drills Turning in 60 Days | Ivan Bebek

Ivan Bebek, Chair & CEO of Coppernico Metals (TSX: COPR | OTCQB: CPPMF), joins Bill Powers for a sponsor update. Peru’s Ministry of Energy and Mines has granted the Start-of-Activities authorization for the Sombrero copper-gold project in Ayacucho. That was the last government approval needed to start drilling under the expanded EIA-Sd approved in August.

The new permit covers about 3,122 hectares and allows up to 300 holes from 181 drill platforms. The previous permit allowed 49 holes from 39 pads. Ivan says the permitted area has nearly tripled, and 60–70% of the targets in it could never be reached with a drill before.

Ivan explains why Phase 2 starts at Fierrazo. A steel company drilled eight holes there in 2013 looking for iron ore. Auryn Resources, Coppernico’s predecessor, later assayed that core and found 90.4 m of 0.48% Cu, including 41.8 m of 0.88% Cu. Gravity and magnetic surveys outline a magnetite-rich skarn body at least 700 m long, and only about 200 m of it has been drilled. Ivan also covers his “drilling for knowledge” approach to targets under shallow volcanic cover, the timeline for first drilling at the high-grade Nioc target, and the company’s funding. It has just under $4M in cash, and Ivan expects a raise in Q1 2027. He also gives updates on a possible US acquisition and a move to NYSE American.

00:00 Intro

00:47 Final Peru Drill Permit

02:12 Community Agreements and Timing

03:43 Where Drilling Starts

04:54 New Access and Geophysics

06:08 Drill Strategy and Plan

08:38 Funding and Treasury Plans

09:43 Building the Target Pipeline

12:15 Drill Logistics and Results

12:59 Acquisitions and Market Setup

15:08 Uplisting and Key Catalysts