THE WHITEHORSE COPPER PROJECT  

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FOCUSED ON THE ADVANCEMENT OF MULTIPLE KNOWN HIGH-GRADE COPPER PROSPECTS IN CANADA’S RENOWNED WHITEHORSE COPPER BELT:

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• Stable, Tier 1 jurisdiction: Yukon, Canada

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• Home to numerous producing copper and gold mines owned by some of the world’s most recognized miners

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• Under-explored with world-class discovery potential

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• Year-round access and work programs

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• Good road and drill access network established 

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• Grid hydro power – potential for low emission copper production

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• Lower cost production – proximity to Whitehorse for low Capex access to existing accommodation and core yard

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• Skilled local workforce – experienced providers, vendors and local laboratories

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HISTORICAL EXPLORATION:

• High-grade historical copper production by Hudbay Mining: 
• >10Mt @ c1.5% Cu  produced (plus Au/Ag credits)
• Open pit (1967-1971) and Underground (1972-1982)
• ‍30 known deposits/prospects within a contiguous 35km x 5km area

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• No modern exploration since 1982, when an economic downturn and depressed copper prices resulted in mine closure.

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• The Cowley Park prospect reached Feasibility stage before the mine was closed – as a result, it was never mined.

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• All previous operations and residual reserves open along strike and down dip.

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RECENT EXPLORATION:

       COWLEY PARK - Recent drilling outside of historic areas of operation have indicated:

• CP-040: 89.61m @ 1.89% Cu from26.21m
• 18-CP-04: 12.5m @ 8.02% Cu and 13g/t Ag from 85.04m
• 19-CP-01: 32.92m @ 2.08% Cu from 73.76m (including: 8.11m @ 5.35% Cu from 80.16m) plus 34.75m @ 0.94% Cu from 117.65m
• 19-CP-03: 8.84m @ 1.59% Cu, 0.19% Mo and 14g/t Ag from 117.65m
• 19-CP-05: 27m @ 0.68% Cu and 0.23% Mo from 97m
• 19-CP-10: 19.08m @ 1.45% Cu from 108.94m within 81.26m @ 0.55% Cu from 108.94m
• CP-053: 27.7m @ 2.74% Cu from8.69m

           Inc: 7.83m @ 8.34% Cu from23.93m

• CP-112: 10.67m @ 6.93% Cu from85.34m
• CP-115: 23.16m @ 3.19% Cu from 80.77m
• CP-125: 18.44m @4.42% Cu from 56.39m and 10.3m @ 1.41% Cu from 87.84m
• CP-144: 38.57m @ 1.73% Cu from 33.98m
• 19-CP-08: 43.28m @ 2.24% Cu from 93.27m

            Inc: 13.72m @ 5.41% Cu from 109.42 m

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• Gladiator recently completed a 2,632m maiden diamond drilling program at the Cowley Park prospect. Initial assays results from the first 7 of 14 holes indicated:

• All holes returned significant intercepts confirming the width and continuity of mineralization previously targeted at Cowley Park with mineralization remaining open in all directions, with results including:

• CPG-006: 16m @ 2.36% Cu from 79m within
• 92m @ 0.71% Cu from 67m

• CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m and;
• 33m @ 1.48% Cu from 71m within;
• 113m @ 0.79% Cu
• CPG-003: 13.2m @ 2.26% Cu from 22.8m
• CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m
• CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m
• CPG-010: 26m @ 1.14% Cu from 86m

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• In December 2023 Gladiator received assay results from 9 of 22 holes of a 4,000m diamond drill program at the Cowley Park Prospect (“Cowley Park”).  Significant intercepts include:

• ‍CPG-017:

• 26m @ 1.49% Cu & 368 ppm Mo from 98m including 15m @ 2.36% Cu & 421ppm Mo from 104m and 4m @ 7.75% Cu & 686 ppm Mo from 110m.
• CPG-023:
• 13m @ 2.06% Cu and 1071 ppm Mo from 38m and
• 8m @ 1.05% Cu 513 ppm Mo from 79 m
• CPG-011D1:
• 58m @ 0.74% Cu & 1,245 ppm Mo from 81m, Including:
• 8m @ 1.65% Cu, 1,905 ppm Mo from 87m
• 12m @ 1.12% Cu & 605ppm Mo from 105m
• CPG-015:
• 7m @ 1.45% Cu from 52m & 2m @ 3.77% Cu from 55m
• 10m @ 1.23% Cu & 319ppm Mo from 204m
• CPG-016:
• 58m @ 0.62%Cu from 57m, Incl. 7m @ 1.99 % Cu & 867 ppm Mo from 78m

• The interval of 10m @ 1.23% Cu from 204m in CPG-015 is the first hole into a new discovery zone only 50m to the south of the historical drill area highlighting the potential future resource upside and underexplored nature of the Cowley Park area.

• Shallow results confirm the continuity of shallow, copper-molybdenum skarn mineralization at Cowley Park as well as highlighting the potential of the lower grade mineralized envelope to significantly contribute to future resource potential. Copper and molybdenum mineralization remains open along strike and down dip in all directions.

• Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper Project.

• Drilling completed was designed to test extensions to high-grade mineralized and aid planning for resource definition drilling. Drilling targeted identified trends through step out drill holes located primarily to the south and southeast of identified mineralization, including following up on the most southeasterly hole to date, 19-CP-08 which intersected 43.28m @ 2.24% Cu from 93.27m (See Figure 2).

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War Eagle:

 •  HT-1: 10.55m @ 4.99% Cu, 1.05g/t Au, 40.3g/t Ag from 124.39m

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North Star:

•  NS-15: 14.63m @ 5.05% Cu from 419.65m

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GEOLOGY AND MINERALIZATION:

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• Shallow, high grade copper results from multiple prospects. Limited systematic drilling away from existing pits.

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• Proven Geology – Mineralised chalcopyrite-bornite-magnetite skarns within 150m of the calc-alkaline Whitehorse batholith.

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TARGETS:

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• Primary target: Cowley Park Prospect - Historic drilling indicates multiple, sub-parallel mineralized zones up to 30m thick over 1.2km.

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• Numerous brownfield targets identified – advanced high-grade copper targets including Artic Chief Trend, Cub Trend, War Eagle Trend, and Little Chief Trend. All targets open along strike/at depth.

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• Potential opportunity to combine Cowley Park and Cub trends into one single target.

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• Prospect / exploration targets identified – Grafter, North Star, Rabbits Foot, Veronica, Polar Lake, Copper Cliff, Quinalta. 

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2023 WORK PROGRAM:

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• Complete sampling of 2018, 2019 and 2020 diamond drill core – Over 10,000m of diamond drill core to be assayed.

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• Systematic sampling – Unexplored upside from credits - Au/Ag/Mo/Ga, etc.

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• Structural Data – Cross faults and sheeted vein arrays potentially control higher grade zones by overprinting mineralization.

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• Advance project to drilling - Confirmatory diamond drilling.

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THE KOONENBERRY NORTH PROJECT  

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UNDER-EXPLORED STATE

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• New South Wales, Australia has a gold endowment* exceeding 3252 tonnes (t)/ 104 million ounces (Moz)

• Host to a diverse range of gold deposit types, with gold being produced as either the principal commodity (e.g.
Cadia ,Cowal) or as a by-product (e.g. Northparke)

• The Koonenberry Belt is now interpreted to be a Cambrianarc built on the rifted margin of Gondwana and the northern extension of the Lachlan Orogen, where it is covered by younger sequences

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HISTORICAL EXPLORATION

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The Koonenberry North Project is located in the northwestern part of New South Wales, within a 200km long NW‐trending belt.

Historical exploration

• 1960s to 1990s: Sporadic exploration focused on gold, copper and base metals, predominantly in the Grasmere and Wertago areas. Encouraging drill intersections, but tenements relinquished due to poor economic conditions

• Since 2000: The Geological Survey of New South Wales (“GSNSW”) completed regional geological mapping, high-resolution geophysical data acquisition and deep seismic reflection surveys. Numerous regolith and baseline geochemistry studies in the Koonenberry Belt. Major advancements in the understanding of the geological history of the Koonenberry Belt.

• Apart from stream sediment sampling programs, most of the prospecting and surface sampling within the Koonenberry Belt has taken place over areas to the south of the Bangles ELs.

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GEOLOGY AND MINERALISATION

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The Koonenberry Belt is interpreted to be prospective for a range of commodities (Gilmore & Greenfield, 2015) including:

• VMS Cu–Zn–Ag–Au

• Turbidite‐hosted orogenic Au

• Orthomagmatic Ni–Cu–PGE

• Epithermal Ag–Pb–Cu

• Porphyry Cu–Au

• MVT/stratiform Pb–Zn–Ag

The basement to the Koonenberry belt consists of rocks belonging to the Curnamona Province of the Early Proterozoic Broken Hill Block (Willyama Supergroup), which is extensively mineralized elsewhere in western and central NSW.  

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TARGETS

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The exploration rationale is based on the perceived prospectivity for turbidite‐hostedorogenic Au deposits.

• Primary targets: High grade quartz‐gold veins, which occur throughout the region

• Secondary targets: VMS copper‐zinc (+/‐ silver, gold), orthomagmatic Ni‐Cu‐PGE, epithermal Ag‐Pb‐Cu and MVT/stratiform Pb‐Zn‐Ag deposits

All of these styles have been identified within the Koonenberry Belt by geologists from the NSW Geological Survey (Gilmore, 2010).

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2022 EXPLORATION

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Thomson Airborne completed an airborne magnetics and radiometrics survey over the Koonenberry North Project area during March 2021.

6,902.2 line kilometres over three blocks covering EL9050 and EL9062 only

The E‐W traverse lines were spaced at 100m intervals, with a mean terrain clearance of 45m.

N‐S tie lines were spaced at 1,000m intervals.

The survey utilized a Geometrics G822Amagnetometer and a Radiations Solutions RS400 spectrometer. A base station magnetometer was used to determine diurnal fluctuations.

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The following information was obtained:

• Digital Terrain Model (DTM)

• Total Magnetic Intensity (TMI)

• Rotated to Pole magnetics (RTP)

• First vertical derivative of magnetic intensity (1VD)

• Second vertical derivative of magnetic intensity (2VD)

• Radiometrics (K, Th, U & Total count)