SHERIDAN, WYOMING - April 13, 2026 - Nobel Resources Corp., a TSX Venture Exchange-listed Canadian exploration company trading under the ticker NBLC, is advancing the Cuprita Project - a 1,000-hectare copper exploration asset in Chile's Atacama Region - after identifying a new mineralized porphyry copper system at the site. The company holds an option to earn 100% ownership of Cuprita, which sits within Chile's Paleocene Porphyry Copper Belt between two world-class deposits, El Salvador and Inca de Oro. The discovery of surface copper oxide mineralization, hydrothermal breccias, and porphyritic dykes, combined with strong geophysical signatures, positions Cuprita as a high-priority target for follow-on drilling and resource delineation. For investors and junior mining peers, the asset's location in a proven tier-1 jurisdiction materially reduces permitting and geological risk relative to comparable projects in frontier markets.
Project location and geological context
The Cuprita Project sits 36 km southeast of Diego de Almagro and 126 km northeast of Copiapó in northern Chile's Atacama Region, placing it squarely within one of the world's most productive copper metallogenic belts. The Paleocene Porphyry Copper Belt hosts a concentration of major copper systems, and Cuprita's position between El Salvador and Inca de Oro provides direct geological analogues for the mineralization style being targeted.
The 1,000-hectare concession covers a structural setting that supports large-scale porphyry-style copper development. Geophysical surveys have returned induced polarization (IP) and magnetic anomalies consistent with buried sulfide mineralization, and early-stage sampling and trenching have already confirmed copper at surface. Multiple untested geophysical targets remain open, meaning the current footprint represents only a fraction of the system's potential extent.
Mineralization style and exploration data
Surface expressions at Cuprita include widespread copper oxide mineralization, hydrothermal breccias, and porphyritic dykes - all hallmarks of a porphyry copper system at shallow to moderate depths. These indicators, combined with the confirmed IP and magnetic anomalies, give exploration teams a defined target framework for drilling programs without requiring extensive further mapping.
Nobel's March 2026 announcement specifically identified a new mineralized porphyry copper system at Cuprita, elevating the project from a prospecting-stage asset to one with delineated geological evidence. The company also holds the right to acquire 100% interest in the Algarrobo Iron Oxide Copper Gold (IOCG) property in Chile, adding a secondary high-grade copper target with gold co-product potential to its Chilean portfolio.
Corporate structure and recent activity
Nobel Resources Corp. is headquartered in Canada and listed on the TSX Venture Exchange under the symbol NBLC, with a recent trading range of CAD $0.05-$0.08 and volume reaching 1,883,235 shares. The company closed a non-brokered private placement in January 2026, providing working capital for ongoing exploration at Cuprita. In March 2026, Nobel also announced a change of transfer agent, indicating routine corporate housekeeping ahead of an expected ramp-up in field activity.
The option structure on Cuprita allows Nobel to earn 100% ownership, a common mechanism in junior exploration that limits upfront capital outlay while preserving full upside if the project advances to resource definition. The IOCG option on Algarrobo similarly positions the company to control a second Chilean asset without committing full acquisition capital at the current stage.
Business impact
Copper-focused portfolio managers and resource sector investors tracking junior exploration companies face a direct decision point: Nobel's identification of a new mineralized porphyry system at Cuprita moves the asset from a geological concept to a drill-ready target, shifting the risk-reward profile and warranting reassessment in 2026 resource allocation cycles. The combination of confirmed surface mineralization and multiple open geophysical targets means drill-program capital deployed in the near term carries a higher probability of returning resource-grade intercepts than pre-discovery stage peers.
Mining offtake negotiators and copper procurement officers at smelters and cathode buyers should note Cuprita's tier-1 Chilean jurisdiction status. Chile's established mining code, export infrastructure through Copiapó, and proximity to operating mines such as El Salvador reduce the timeline risk that typically inflates discount rates on junior assets in less mature jurisdictions. For corporate development teams at mid-tier copper producers scouting bolt-on acquisitions in the Atacama Region, Nobel's option structure on both Cuprita and Algarrobo IOCG represents an entry point at current market capitalization before a maiden resource estimate is published - a window that closes once drill results are released.