A Lot Of Junior Miners Know How To Find Copper. Much Fewer Know What Comes After.

One thing I have learned watching junior mining companies over the years: finding an interesting target and actually building a real project are completely different things. A lot of explorers can put together: • good maps • decent soil anomalies • geophysics • drill targets That part is honestly pretty common. The hard part starts later. At some point, if the geology actually works, the conversation changes from: "where is the copper?" to: "how do we move equipment here?" "who finances this?" "who builds infrastructure?" "how do you scale a remote project?" That is where a lot of junior miners seem to stall out. Which is partly why the recent NovaRed advisory addition caught my attention more than most mining PRs usually do. Ed Kostenski is not really a typical exploration advisor. He spent decades building Nationwide Equipment and public company profiles tied to the business mention operations connected to: • 60+ countries • 75+ markets • mining • infrastructure • heavy equipment • logistics • industrial finance Feels less like a geology story and more like someone who has spent 40 years around the practical side of large projects. That is interesting because NovaRed's Wilmac project is not tiny: • around 16k hectares • roughly 160 sq km • located in BC's Quesnel porphyry belt • near Copper Mountain The company has also already built a decent early exploration foundation: • copper-in-soil anomalies • North Lamont highs up to 379 ppm copper • broader Lamont interpretation tied to copper values up to 1,125 ppm • historical 3DIP/AMT work • more geophysics planned into 2026 Still very early obviously. No resource. No mine. No guarantees. But compared with the usual junior mining story, this feels a little more focused on what comes after exploration if the geology eventually proves out. And honestly that part is probably underrated by the market most of the time. NFA