Carolina Rush's Revised Technical Report: A Strategic Catalyst for Brewing Gold-Copper Project Value Realization

In the ever-evolving landscape of resource exploration, regulatory rigor and technical precision are not just compliance hurdles—they are the bedrock of investor trust. Carolina Rush Corporation's recent refiled NI 43-101 technical report for its Brewer Gold-Copper Project in South Carolina exemplifies this principle. By aligning with updated CIM guidelines, ensuring independent authorship, and embedding robust exploration strategies, the company has fortified its technical foundation and positioned itself as a compelling case study in how regulatory discipline can catalyze value realization in high-potential mineral systems.

Regulatory Compliance: A Cornerstone of Credibility
The revised report, filed on August 8, 2025, addresses critical feedback from the Ontario Securities Commission (OSC). A pivotal change was the removal of Patrick Quigley, the company's Senior Geologist, as a co-author to uphold NI 43-101's strict requirements for independent authorship. Patrick Hollenbeck, an independent Qualified Person, now assumes full responsibility. This shift not only satisfies regulatory scrutiny but also signals a commitment to transparency—a rare commodity in the resource sector.

The adoption of the 2019 CIM guidelines further elevates the report's credibility. These updated standards emphasize clarity in mineral resource classification and economic assumptions, replacing the 2003 framework. For instance, the report now incorporates a responsible metallurgical recovery assumption based on 1984 Hazen test work, ensuring that the 0.4 g/t Au cutoff grade is grounded in historical data. Such methodological rigor mitigates the risk of over-optimistic estimates and aligns the project with global best practices.

Resource Credibility: From Inferred to Indicated
The revised report's resource estimates are a testament to Carolina Rush's progress. The in situ mineral resource includes 192,000 ounces of gold and 16.7 million pounds of copper in the Indicated category, with 210,000 ounces of gold and 8.3 million pounds of copper in the Inferred category. These figures, derived from a 0.4 g/t Au cutoff, reflect a disciplined approach to resource classification.

Notably, the company has constrained the resource within a conceptual open-pit shell to demonstrate “reasonable prospects for eventual economic extraction” (RPEEE). This step is crucial for investors, as it bridges the gap between geological potential and economic feasibility. While the resource remains distinct from reserves, the inclusion of a backfill mineral resource—139,000 ounces of gold and 9.1 million pounds of copper—adds another layer of value.

Exploration Potential: Unlocking a Porphyry System
The true catalyst for value realization lies beneath the surface. Carolina Rush's exploration strategy, centered on deep-sensing geophysical surveys and targeted drilling, is designed to test the hypothesis of a buried porphyry copper-gold system. Zonge International's direct current IP/Resistivity and magnetotelluric (MT) survey has generated high-resolution subsurface imaging down to 1,500 meters, revealing structural controls and potential mineralized zones.

This approach mirrors the geological model of epithermal high-sulfidation systems, where porphyry deposits often underlie surface gold-copper mineralization. The company's technical team, led by Quigley and Hollenbeck, has already identified elevated concentrations of critical minerals—tellurium, gallium, and others—adding a strategic dimension to the project. These elements, in demand for green technologies, could attract partnerships or government incentives, further de-risking the project.

Investment Implications: A Calculated Bet on Depth
For investors, the revised technical report and exploration roadmap present a calculated opportunity. The alignment with CIM 2019 and independent authorship reduces regulatory risk, while the open-pit shell and critical mineral potential enhance the project's economic profile. However, the path to reserves remains contingent on successful deep drilling and permitting.

The company's engagement with strategic partners and its presentation at PDAC 2025 underscore its ambition to scale. Given the open-ended nature of the resource and the potential for a porphyry discovery, Carolina Rush offers a compelling case for those willing to bet on exploration-driven growth. Yet, prudence is warranted: the inferred resources must be upgraded, and environmental and socio-political risks must be navigated.

Conclusion
Carolina Rush's revised technical report is more than a regulatory checkbox—it is a strategic pivot that elevates the Brewer Gold-Copper Project from a speculative asset to a technically credible exploration target. By marrying compliance with innovation, the company has laid the groundwork for a potential step-change in value. For investors seeking exposure to a high-potential U.S. gold-copper system, this is a moment to watch—and perhaps, to act.