Reserve Survey Results – University of Lubumbashi

A mineral reserve survey completed in July 2025, following an ultrasonic subsurface survey in May 2022, reports 12,432,500 tonnes of ore at an average grade of 3.10% copper on the PE14927 concession in Kipushi, Haut-Katanga — corresponding to 385,407.5 tonnes of contained copper. The survey was carried out with the University of Lubumbashi and Crust Consulting Group.

Illustrative valuation as at 2 September 2026: using the LME copper cash settlement price of US$14,395.50 per tonne (1 September 2026) and an exchange rate of ¥159.87 per US dollar, the contained copper corresponds to approximately US$5,548,133,666 (about ¥886,980,129,223).

Market value floats with copper prices and exchange rates. This figure is illustrative only, is not a valuation of the token, and is restated at each revision of the whitepaper.