Trilogy Metals updates on UKMP: AAP field work complete, Bornite scoping study started

Trilogy Metals Inc.

Ambler Access Project field program completed with $24.6M budget, funded equally by AIDEA and Ambler Metals; SEIS draft expected late September 2023.
Bornite scoping study initiated by Wood Canada and SRK to assess extending mine life from 13 to 30 years (Arctic + Bornite).
Metallurgical test work on Bornite cobalt recovery started July 2023; results expected Q4 2023.
Community engagement held in 7 villages with 30–45 NANA shareholders per meeting.
USBLM reaffirms SEIS timeline: draft Q3 2023, final Q1 2024, Record of Decision Q2 2024.

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