Company Overview

NGEx Minerals Ltd. is a mineral exploration company focused on the discovery and development of large-scale copper and gold resources in the Andean Cordillera of South America. The company operates in the mining and mineral exploration industry, with an emphasis on copper-gold porphyry and high-sulphidation epithermal systems, commodities that are critical to global electrification and infrastructure development.

The company’s primary value drivers are its advanced-stage exploration assets, most notably the Lunahuasi Project and the Los Helados Project, which have demonstrated high-grade copper, gold, and silver mineralization through extensive drilling. NGEx Minerals was formed in 2021 through the spin-out of exploration assets from Filo Mining Corp., allowing it to focus exclusively on exploration while maintaining close strategic alignment with the Lundin Group of Companies, a well-established mining investment group with a long track record in base and precious metals.

Business Operations

NGEx Minerals operates as a single-segment exploration company, generating no operating revenue and focusing on asset value creation through drilling, resource definition, and technical studies. Its core operations are centered on mineral exploration activities, including geological mapping, geophysical surveys, diamond drilling, and metallurgical testing across its project portfolio in Argentina and Chile.

The company’s flagship asset, Lunahuasi, is a high-grade copper-gold-silver project located in San Juan Province, Argentina, while Los Helados is a large copper-gold porphyry deposit situated in Chile’s Atacama Region. NGEx Minerals holds its assets through wholly owned or majority-controlled subsidiaries and benefits from technical services, regional expertise, and historical data generated by related Lundin-affiliated entities. There are no disclosed material joint ventures currently generating cash flow, and operations are funded primarily through equity financing.

Strategic Position & Investments

NGEx Minerals’ strategy is focused on delineating tier-one scale copper-gold resources through aggressive exploration in underexplored but highly prospective geological belts. The company prioritizes high-grade discoveries that have the potential to support long-life mining operations, positioning its assets as attractive development or partnership opportunities for major mining companies.

Key strategic investments include sustained capital allocation toward deep drilling at Lunahuasi, where results have indicated exceptional grades, and ongoing technical advancement at Los Helados, which is considered one of the larger undeveloped copper-gold deposits in the region. NGEx Minerals does not currently report material equity investments in external companies; instead, its portfolio value is concentrated in its wholly owned exploration projects and intellectual property derived from geological data and exploration results.

Geographic Footprint

NGEx Minerals’ operational footprint is concentrated in South America, specifically in Argentina and Chile, two of the world’s most important copper-producing jurisdictions. The company’s corporate headquarters are located in Canada, reflecting its listing on the TSX Venture Exchange and its access to North American capital markets.

In Argentina, NGEx operates primarily in San Juan Province, a well-established mining jurisdiction with supportive infrastructure for exploration. In Chile, its activities are focused in the Atacama Region, an area known for large-scale copper porphyry systems. While the company does not maintain producing assets, its exploration presence contributes to regional mining investment and positions it within globally significant copper belts.

Leadership & Governance

NGEx Minerals is led by an experienced management team with deep technical and financial expertise in mineral exploration and mine development, many of whom have long-standing affiliations with the Lundin Group. The leadership emphasizes disciplined capital allocation, technical excellence, and the pursuit of high-impact exploration opportunities.

Key executives and directors include:

• Wojtek Wodzicki – President & Chief Executive Officer
• Andrew Cheatle – Chief Financial Officer
• Rick Rule – Director
• Adam Lundin – Director
• Nigel Morgan – Director

The company’s governance framework reflects Canadian public company standards, with oversight by an independent board and a strategic vision centered on building long-term shareholder value through discovery rather than near-term production.