| Surge Copper Reports Excellent Metallurgical Results Supporting Pre-Feasibility Advancement at Berg Project 
 Surge Copper Corp.    Locked cycle tests exceed 90% copper and molybdenum recoveries and confirm clean final products with high separation efficiency
 
 ca.finance.yahoo.com
 
 Surge Copper Corp.
 Tue, June 17, 2025 at 4:00 a.m. PDT 10 min read
 
 Vancouver, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV:  SURG) (OTCQB:  SRGXF) (Frankfurt:  G6D2) (“Surge” or the “Company”)  is pleased to announce results from its recently completed  metallurgical testwork program for its 100%-owned Berg Project, located  in central British Columbia. The program was designed to support future  pre-feasibility level technical studies, confirming the amenability of  conventional flotation processes for producing saleable copper and  molybdenum concentrates, while advancing understanding of key recovery  parameters. The testwork was conducted by ALS Metallurgy Kamloops  (“ALS”) from June 2024 to May 2025.
 
 
 
 Highlights
 
 
 Over 1,350 kg of representative material  used to form three primary composites representing anticipated run of  mine material (hypogene, supergene, and transitional supergene)
 
27 variability composites tested, covering all major rock and alteration types spatially distributed across all areas and depths of the proposed open pit
 
 Over 60 flotation tests conducted to optimize parameters and improve recoveries
 
 Locked cycle testing achieved up to 90.7% Cu and 93.0% Mo recovery to bulk concentrate grading 29.7% Cu
 
 
 
 Excellent copper-molybdenum separation confirmed, with Mo recoveries of 94.6% and 95.6% from bulk concentrates across the main hypogene and supergene composites respectively
 
 High consistency in recovery results across variability composites for both Cu and Mo
 
 Following the successful completion of the Berg Preliminary Economic Assessment (“PEA”) (see  June 13, 2023 press release),  Surge initiated a comprehensive metallurgical program based on  recommendations from Ausenco Engineering Canada ULC (“Ausenco”). ALS was  retained to carry out the program, with Surge and Ausenco personnel  supporting composite selection to reflect projected mine schedules. Over  1,350 kilograms of material was used to generate three primary  composites representing the hypogene, supergene, and transitional  supergene zones.Final copper and molybdenum concentrates from both the hypogene and supergene composites confirmed to be clean with no penalty elements
 
 
 
 
 The  goal was to build on prior testwork by improving recovery profiles and  validating flotation performance across all major lithologies. Bulk  concentrates from these tests were subjected to copper-molybdenum  separation to confirm the efficiency of producing a separate marketable  molybdenum concentrate.
 
 
 In  addition, 27 variability composites were created to test recovery  correlations across spatial and mineralogical variation throughout the  proposed open pit.
 
 The testwork confirmed the  effectiveness of a conventional flotation circuit featuring primary  grinding, standard rougher and cleaner flotation stages, and minimal  regrind requirements. Importantly, strong recoveries were achieved using  widely available, low-cost reagents such as xanthate collectors and  lime for pH control, with no reliance on specialty or high-cost  chemicals. This underscores the simplicity, scalability, and economic  attractiveness of the proposed flowsheet.
 
 Overall,  the results provide strong confidence in the proposed flotation  flowsheet for consistently recovering copper, molybdenum, silver, and  gold into saleable concentrates, and will be used to develop improved  recovery formula for use in future pre-feasibility studies.
 
 Management Commentary
 
 Leif Nilsson, Chief Executive Officer, commented:
 “Berg  is one of the largest undeveloped copper-molybdenum projects in North  America, and these results represent a major milestone in demonstrating  its technical and economic strength. While our copper grades are strong  by regional standards, the molybdenum contribution is a true  differentiator, with globally competitive head grades and now clearly  demonstrated high recoveries for both metals.
 
 These  results validate the flowsheet used in our PEA and provide the  confidence to improve upon the conservative recovery formulas used in  that study, where life of mine recoveries for copper and molybdenum  averaged 80% and 75%, respectively. As we move into pre-feasibility  work, we now have a clear pathway to higher expected metal recoveries.
 
 This  progress further de-risks the project and reinforces the disconnect we  see between Berg’s fundamental value and the market’s current view.  We’re advancing a technically robust, high-margin asset, and this work  underlines the quality and maturity of the project.”
 
 Mark Wheeler, VP Projects, commented:
 “We  are very happy with the results of this testwork. Taking a measured and  stepwise approach, the team was able to efficiently use sample material  to better understand the flotation kinetics and parameters across all  zones of the Berg deposit. The results demonstrated significantly  increased recoveries, seeing greater than 90% copper recovery in locked  cycle tests from the hypogene composite compared to the 80% Cu recovery  estimate that was used in the Berg PEA. Further, copper-molybdenum  separation tests showed excellent results, with up to 95.6% recovery of  molybdenum with rapid and simple flotation kinetics.”
 
 Metallurgical Program Details
 
 Samples  were collected from 16 core holes across the Berg resource, spanning  depths from 10 to 350 metres. Based on the assayed proportion of weak  acid soluble copper (“CuWAS”), the material was classified into three  master composites:
 
 
  | Table 1. Head assay data for master composites 
 
 | 
 
 | 
 
 | 
 
 | 
 
 | 
 
 |  | Composite Type 
 
 | CuWAS ?Proportion
 
 
 | Mass (kg) 
 
 | Cu (%) 
 
 | Mo (%) 
 
 | Ag (g/t) 
 
 | Au (g/t) 
 
 | S(t) (%) 
 
 |  | Hypogene 
 
 | 1% 
 
 | 697 
 
 | 0.25 
 
 | 0.03 
 
 | 2.75 
 
 | 0.02 
 
 | 2.95 
 
 |  | Transitional ?Supergene
 
 
 | 3% 
 
 | 374 
 
 | 0.29 
 
 | 0.01 
 
 | 5.60 
 
 | 0.03 
 
 | 2.32 
 
 |  | Supergene 
 
 | 12% 
 
 | 281 
 
 | 0.37 
 
 | 0.03 
 
 | 3.45 
 
 | 0.03 
 
 | 2.75 
 
 |  
 From  the total mass, a subset of 27 variability composite samples was also  extracted for testing recovery performance and comminution  characteristics (including Bond Ball Mill Work Index and SMC) across  alteration types and pit locations.
 
 Each master  composite underwent flotation testing targeting recovery of copper,  molybdenum, silver, and gold. In total, the flotation program included  the following tests (not including variability tests):
 
 
 Key  variables tested included grind size, reagent scheme, pH, and cell  agitator energy density. Optimal results were achieved with a primary  grind of 80% passing 160 µm, yielding:27 rougher flotation tests
 
31 cleaner flotation tests
 
9 locked cycle tests
 
 
 
 Hypogene composite: 90.7% Cu, 93.0% Mo recovery to a bulk concentrate grading 29.7% Cu
 
Transitional Supergene composite: 88.4% Cu, 92.1% Mo to concentrate grading 26.3% Cu
 
Supergene composite: 80.5% Cu, 88.6% Mo to concentrate grading 23.1% Cu (total copper recovery, implying recovery of non-CuWAS of 91.9%)
 
 
  | Table 2. Simplified test results from the bulk-circuit locked cycle tests 
 
 |  | 
 
 | Concentrate Grade 
 
 | Recovery 
 
 |  | Composite 
 
 | Cu (%) 
 
 | Mo (%) 
 
 | Ag (g/t) 
 
 | Au (g/t) 
 
 | Cu (%) 
 
 | Mo (%) 
 
 | Ag (g/t) 
 
 | Au (g/t) 
 
 |  | Hypogene 
 
 | 29.7 
 
 | 3.2 
 
 | 247.0 
 
 | 2.3 
 
 | 90.7 
 
 | 93.0 
 
 | 62.0 
 
 | 58.6 
 
 |  | Transitional ?Supergene
 
 
 | 26.3 
 
 | 1.4 
 
 | 467.9 
 
 | 2.2 
 
 | 88.4 
 
 | 92.1 
 
 | 76.5 
 
 | 42.4 
 
 |  | Supergene 
 
 | 23.1 
 
 | 1.8 
 
 | 196.6 
 
 | 1.3 
 
 | 80.5 
 
 | 88.6 
 
 | 70.6 
 
 | 45.9 
 
 |  
 
 
  
 Figure 1. Bulk concentrate during cleaner test, demonstrating froth quality.
 Please click here to view image
 
 
 Using  the test parameters that had been confirmed in the open and locked  cycle tests, each of the composites was subjected to larger scale bulk  flotation using 15 kg charges to create a bulk copper concentrate to be  used in testing copper-molybdenum separation by flotation. Highlights  include:
 
 
 The  separation tests exceeded expectations and confirmed the flowsheet’s  ability to generate saleable molybdenum concentrate from all mineralized  material types.Hypogene: 94.6% Mo recovery to a 49.9% Mo concentrate using three rougher stages
 
Transitional Supergene: 74.4% Mo recovery to a 56.8% Mo concentrate with excellent cleaner stage recoveries
 
Supergene: 95.6% Mo recovery to a 50.9% Mo concentrate with rapid kinetics
 
 
 
  | Table 3. Simplified results from copper-molybdenum separation tests 
 
 | 
 
 |  | Composite 
 
 | Mo Con ?Recovery (%)
 
 
 | Mo Grade (%) 
 
 | Cu Con ?Recovery (%)
 
 
 | Cu Grade (%) 
 
 |  | Hypogene 
 
 | 94.6 
 
 | 49.9 
 
 | 99.3 
 
 | 31.6 
 
 |  | Transitional ?Supergene
 
 
 | 74.4 
 
 | 56.8 
 
 | 99.9 
 
 | 27.8 
 
 |  | Supergene 
 
 | 95.6 
 
 | 50.9 
 
 | 99.8 
 
 | 21.1 
 
 |  
 Following  the selection of preferred flotation conditions, each of the  variability composites was subjected to a series of open circuit rougher  and cleaner tests to assess the amenability of specific mineralogical  conditions from various locations and depths within the proposed open  pit. The hypogene and transitional supergene performed very well in  comparison to previously run composite tests with average recoveries of  85.7% and 86.7% respectively for copper and 90.6% and 85.4% respectively  for molybdenum. The supergene variability samples performed as expected  and exhibited a high degree of correlation between overall copper  recovery and the portion of non-weak acid soluble copper in the sample.  Overall recoveries averaged 72.5% and 77.7% for copper and molybdenum  respectively which represents an average recovery of 82% of copper  assayed to be non-weak acid soluble which gives a high degree of  modelling confidence going forward. It is also important to note that  the variability composites were tested under open circuit conditions,  and higher recoveries are expected across all samples when subjected to  cycle testing or closed-circuit operations.
 
 Importantly,  Surge plans to refine the geometallurgical modelling of the Berg  deposit based on a more rigorous, assay-supported delineation of  supergene and hypogene mineralization. Specifically, the Company will  leverage CuWAS assays to better constrain the boundary between these  zones. While the current supergene domain exhibits lower average  recoveries relative to hypogene material, this updated approach is  expected to materially reduce the volume classified as supergene. As a  result, the Company anticipates a higher average copper and molybdenum  recovery across the deposit, further enhancing the overall metallurgical  profile.
 
 Minor  element assays from representative final copper and molybdenum  concentrate products confirm that both concentrates are clean and well  within commercial specifications. Based on average feed material,  concentrations of common deleterious elements such as arsenic, antimony,  or bismuth, are not expected to reach penalty levels in final  concentrates and therefore do not present any concern for operations or  concentrate marketing.
 
 Additional testing in  this program included several other factors. Silver and gold assays have  been included in all sample results and while optimization has not  focussed on precious metals, the results are generally in line with  assumptions used in the PEA and will provide additional insight for  future modelling purposes. As per the recommendations of the 2023 PEA  the company has also completed two Hydrofloat tests of approximately 45  kg each with rougher flotation conducted at primary grind sizes of  greater than 300 µm. Total metal recoveries from these tests, along with  updated comminution data will be used in subsequent technical studies  to model additional flow sheet opportunities such as HPGR and coarse  particle flotation.
 
 Quality Control
 
 This  metallurgical testwork has been undertaken at ALS Metallurgy Kamloops  who conforms to ISO 9001:2015. The laboratory also conducts internal QC  checks to ensure data is reported accurately. The analytical lab  voluntarily partakes in the Proficiency Testing Program for Mineral  Analysis laboratories (PTP-MAL).
 
 Samples of  half core were delivered and, following some comminution testing, were  stage-crushed to -6 mesh (3.35 mm), homogenized into composites, and  rotary split into test charges. Head samples were split from each of the  sub-samples for assay. Each of master composites have been analysed by  standard anlytical techniques. Mineralogical analysis was conducted by  QEMSCAN.
 
 Qualified Persons
 
 Dr.  Shane Ebert P.Geo., is the Qualified Person for the Ootsa and Berg  projects as defined by National Instrument 43-101 and has approved the  technical disclosure contained in this news release.
 
 Mark  Wheeler, P.Eng., VP of Projects at Surge Copper Corp as well as a  Qualified Person as defined by National Instrument 43-101, has  supervised the preparation of the technical information in this news  release.
 
 About Surge Copper Corp.
 
 Surge  Copper Corp. is a Canadian company that is advancing an emerging  critical metals district in a well-developed region of British Columbia,  Canada. The Company owns a large, contiguous mineral claim package that  hosts multiple advanced porphyry deposits with pit-constrained NI  43-101 compliant resources of copper, molybdenum, gold, and silver –  metals which are critical inputs to modern energy infrastructure and  electrification technologies.
 
 The  Company owns a 100% interest in the Berg Project, for which it  announced a maiden PEA in June 2023 outlining a large-scale, long-life  project with a simple design and high outputs of critical minerals  located in a safe jurisdiction near world-class infrastructure. The PEA  highlights base case economics including an NPV8% of C$2.1 billion and  an IRR of 20% based on long-term commodity prices of US$4.00/lb copper,  US$15.00/lb molybdenum, US$23.00/oz silver, and US$1,800/oz gold. The  Berg deposit contains pit-constrained 43-101 compliant resources of  copper, molybdenum, silver, and gold in the Measured, Indicated, and  Inferred categories.
 
 The  Company also owns a 100% interest in the Ootsa Property, an  advanced-stage exploration project containing the Seel and Ox porphyry  deposits located adjacent to the open pit Huckleberry Copper Mine, owned  by Imperial Metals. The Ootsa Property contains pit-constrained NI  43-101 compliant resources of copper, gold, molybdenum, and silver in  the Measured, Indicated, and Inferred categories.
 
 On Behalf of the Board of Directors
 
 “Leif Nilsson”
 Chief Executive Officer
 
 For Further information, please contact:
 Riley Trimble, Corporate Communications & Development
 Telephone: +1 604 639 3852
 Email:  info@surgecopper.com
 Twitter:  @SurgeCopper
 LinkedIn:  Surge Copper Corp
 https://www.surgecopper.com
 
 Neither  the TSX Venture Exchange nor its Regulation Services Provider (as that  term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release.
 
 This  News Release contains forward-looking statements, which relate to  future events. In some cases, you can identify forward-looking  statements by terminology such as "will", "may", "should", "expects",  "plans", or "anticipates" or the negative of these terms or other  comparable terminology. All statements included herein, other than  statements of historical fact, are forward-looking statements, including  but not limited to the Company’s plans regarding the Berg Project and  the Ootsa Property. Statements regarding metal recoveries, concentrate  quality, processing flowsheet, and economic performance are based on  preliminary metallurgical testwork and are subject to change as  additional studies, including future pre-feasibility work, are  completed. There can be no assurance that any future studies, including a  Pre-Feasibility Study, will confirm the economic or technical viability  of the Berg Project or result in a production decision. These  statements are only predictions and involve known and unknown risks,  uncertainties, and other factors that may cause the Company’s actual  results, level of activity, performance, or achievements to be  materially different from any future results, levels of activity,  performance, or achievements expressed or implied by these  forward-looking statements. Such uncertainties and risks may include,  among others, actual results of the Company's exploration activities  being different than those expected by management, delays in obtaining  or failure to obtain required government or other regulatory approvals,  the ability to obtain adequate financing to conduct its planned  exploration programs, inability to procure labour, equipment, and  supplies in sufficient quantities and on a timely basis, equipment  breakdown, and bad weather. While these forward-looking  statements, and any assumptions upon which they are based, are made in  good faith and reflect the Company's current judgment regarding the  direction of its business, actual results will almost always vary,  sometimes materially, from any estimates, predictions, projections,  assumptions, or other future performance suggestions herein. Except as  required by applicable law, the Company does not intend to update any  forward-looking statements to conform these statements to actual  results.
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