Interview with Terri Anne Welyki, VP Corporate Communications

Recording date: 19th January 2024

Strategic Copper Asset Next to Major Mine Presents Growth Potential

Barksdale Resources offers investors compelling leverage to surging copper demand through its strategically positioned Sunnyside project in Arizona. Located immediately adjacent to South32’s Hermosa-Taylor mine, a $2.1 billion copper operation, Sunnyside is likely geologically contiguous to this world-class deposit.

Historic drilling within project boundaries during the 1980s intersected high-grade copper, confirming mineralization extends into Barksdale’s holdings. However, low copper prices at that time meant Sunnyside was never advance. Barksdale believes the project warrants an updated drilling campaign using modern techniques to thoroughly explore and define the copper resources available.

After a 5-year intensive permitting process, Barksdale has secured authorizations for extensive drilling activities, including along the border with South32’s mine site. This drilling aims to confirm and expand the scale of copper mineralization identified historically.

The first phase comprises 7,000 meters with expedited assay lab analysis expected in early 2024. Additional drilling to earn a 67.5% project interest will continue thereafter.

In addition to proving up an independent copper resource, success at Sunnyside could have strategic implications. South32 may assess integrating any discoveries into their existing Hermosa-Taylor infrastructure given the ease of access from underground workings mere meters away. Barksdale’s drilling permits notably provide flexibility for the company to pursue mineralization across into South32’s own tenure.

Major miners including Teck Resources and Osisko Gold Royalties have recognized this value proposition, becoming key Barksdale shareholders. Their industry expertise validates district potential.

Sunnyside offers exceptional leverage to both the upside of exploration breakthroughs and opportunities for partnerships with senior miners positioned nearby. Barksdale represents a unique copper investment in what could emerge as one of America’s preeminent copper districts.

With approximately C$7 million raised in recent months, Barksdale has the capital to accelerate drilling activities to drive near-term catalysts. Expect a consistent news flow throughout 2023 that could substantially rerate Barksdale as assays demonstrate the grades and scale available at this storied past-producing project. Barksdale offers investors looking to ride the copper supercycle a prime opportunity to capitalize on a recovering market, surging sustainable energy demand, and scarcity of development-ready copper projects in first-world mining jurisdictions. Position accordingly with shares appearing meaningfully undervalued at current levels.

—

Learn more: https://cruxinvestor.com/companies/barksdale-resources

Sign up for Crux Investor: https://cruxinvestor.com