Arras Minerals Enhances Elemes Exploration, Ends Beskauga Agreement

Arras Minerals Corp. is advancing its Elemes Project by deploying a second drill rig to intensify its Phase 2 drill program. This follows the completion of significant magnetic and vector-induced polarization surveys over the Berezski and Aimandai targets. The second drill rig is anticipated to begin operations later this month.

The company has executed an 80-line kilometre pole-dipole IP survey, initiating a 5,000-meter drill program on high-priority zones. Key activities include commencing drilling at Berezski, with previous intercepts showing promising copper-equivalent grades.

Arras has terminated its Beskauga Option Agreement, opting not to proceed with a significant payment to Copperbelt AG. This decision aligns with a strategic focus to reallocate capital towards more promising exploration opportunities within its extensive Kazakhstan land package.