The Bornite deposit located near Kobuk, Alaska, is approximately 25 kilometers southwest of the Company’s Arctic deposit. The project has the potential to further enhance the long-term economics of the Ambler mining district. On January 20, 2022, Trilogy announced an updated mineral resource estimate for the Bornite Project outlining Indicated Resources of 955 million pounds of contained copper and Inferred Resources of 5.3 billion pounds of copper and 88 million pounds of cobalt, and includes results from the 2017, 2018 and 2019 drilling programs, as well as current operating and metal price assumptions. Current activities are focused on exploration for high-grade, carbonate-hosted copper mineralization north and northeast of drill holes RC13-224, RC13-231 and RC13-220. In addition, copper mineralization is observed in outcrop over 16 kilometers of the Cosmos Hills, specifically mineralization that has been encountered in drill core at the Aurora and Pardner Hill prospects.