Kinterra Capital Corp. has assumed full control of the Antler Copper Project following the acquisition of New World Resources Ltd, the project’s former owner. On August 26, 2025, Kinterra completed the compulsory purchase of all remaining New World Resources securities through Kinterra Capital GP Corp. II, acting as general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP.
Consequently, New World Resources Limited (‘NWC’) was delisted from the Official List at the close of trading on August 26, 2025, in accordance with Listing Rule 17.14.
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Summary:
The Antler Copper Project features Volcanogenic Massive Sulphide (VMS) type mineralization, which is hosted within Proterozoic-aged metasedimentary and meta-volcanic rocks. Within the deposit, sulphides manifest in massive, semi-massive, and disseminated forms and contain valuable metals including copper, zinc, lead, silver, and gold.
Several specific domains host these resources. The Antler Sulphide domain (corresponding to Zone 3) and the B Lode domain (Zone 4) are characterized by copper, zinc, lead, silver, and gold mineralization, with Zone 3 containing semi-massive and massive sulphides which replaced an unconsolidated sub-seafloor mud, unreplaced mudstone, rhyolite, and felsic volcaniclastics, while Zone 4 occurs as replacement mineralization in a stratigraphically younger mud lens, rhyolite, felsic volcaniclastics, and unreplaced mudstone. The Alteration domain (Zone 2) exhibits intense primary hydrothermal alteration within the stratigraphic footwall to the Antler Sulphides; this domain hosts stringer sulphides and significant gold mineralization along with anomalous base metal concentrations within altered mafic to felsic volcaniclastics, dacite, and basalt.
Structurally, the deposit is interpreted as being overturned and it dips at approximately 55 degrees towards the northwest. The local stratigraphy encompassing the deposit consists of an approximately 400-metre thick sequence of metamorphosed seafloor sediments, volcaniclastics, and lavas. This mineralized sequence is bounded by younger plutonic intrusions that are not considered to be prospective: the Cavaliere Granodiorite lies to the west (MRE zone 0), and the Antler Granite is situated to the east (MRE zone 6).
The specific stratigraphic zones, ordered from older to younger, based on the protolith, are detailed as follows:
• Zone 1: Rhyolite, mafic volcaniclastics (Non-resource bearing).
• Zone 2 (Alteration): Intensely altered rocks with stringer sulphides (Resource bearing).
• Zone 3 (Antler Sulphides): Semi-massive/massive sulphides (Resource bearing).
• Zone 4 (B lode): Rhyolite, felsic volcaniclastics, mudstone (Resource bearing).
• Zone 5: Rhyolite, felsic volcaniclastics, mudstone (Non-resource bearing).
Dimensions
The resource extends approximately 730 m along strike, 1,100 m down a 55° dip, and thickness ranges from 1 m to 32 m.
The resource extends from approximately 1,000 m elevation to 0 m elevation above mean sea level.