Pacific Booker (TSXV:BKM) Advances Morrison Project with Additional Critical Mineral Findings

Highlights

• Pacific Booker Minerals owns the Morrison copper/gold/molybdenum property in Central British Columbia.
• The company has completed a Feasibility Study, outlining a 30,000 tpd open-pit mining operation.
• Feasibility results indicate an NPV of CAD 495.9 million and an IRR of 20.05%.
• Core sample analysis confirmed 11 additional elements, including nine critical minerals at the Morrison project.
• Further studies are required to determine whether these elements occur in commercially recoverable concentrations.

Pacific Booker Minerals Inc. (TSXV:BKM) (OTC Pink:PBMLF) continues to advance development at its Morrison property, a copper/gold/molybdenum project, located 35km north of the Village of Granisle in Central British Columbia.

The company has confirmed the presence of several additional critical minerals from recent core sample analyses, expanding the potential mineral profile of the project.

Morrison Study Estimates CAD 496M NPV and 20% IRR

The Morrison deposit is situated within a well-established mining region, approximately 29km from two former producing copper mines, Bell and Granisle.

Pacific Booker has completed a Feasibility Study and a NI 43-101 compliant Technical Report, outlining plans for an open-pit mining and milling operation designed to produce copper, gold, and molybdenum concentrates.

• The Feasibility Study, conducted by Wardrop Engineering Ltd., a Tetra Tech company, describes a conventional open-pit mine and a 30,000-tonne-per-day per day mill.
• The study estimates total mineable reserves of 224.25 million tonnes, classified as proven and probable, with average grades of 0.330% copper, 0.163 g/t gold, and 0.004% molybdenum.
• Recovered metal is expected to total 1.37 billion lbs of copper, 658,090 oz of gold, and 10.05 million lbs of molybdenum over a 21-year mine life.
• The overburden and waste total is 184.12 million tonnes, resulting in a strip ratio of 0.82:1.
• Capital costs are projected at approximately CAD 516.68 million, including a contingency allowance of CAD59.92 million.
• Operating costs are estimated at CAD 8.15 per tonne milled.

The study indicates a pre-income tax Internal Rate of Return (IRR) of 20.05% and a Net Present Value (NPV) of CAD 495.9 million at an 8% discount rate, assuming metal prices of USD 2.75/lb copper, USD 658.32/oz gold, and USD 29.23/lb molybdenum. The projected payback period is 4.2 years.

Morrison Samples Reveal Rare Earth and Critical Elements

Recently, the company unveiled core sample analyses that identified the presence of nine elements listed on the Government of Canada’s Critical Minerals List: cobalt, chromium, gallium, lithium, manganese, nickel, scandium, vanadium, and zinc. The analysis also revealed barium and two rare earth elements, neodymium and praseodymium.

While these findings confirm the presence of a broader suite of elements, Pacific Booker noted that further studies are required to determine whether they are present in commercially recoverable concentrations. Previous testing had already confirmed the presence of copper and molybdenum as critical minerals, along with gold and silver within the orebody.

Shares of BKM closed at CAD 1.00, up 5.26%, on November 04, 2025.