Canterbury Resources Limited is advancing its exploration program at the Briggs copper project in central Queensland by planning a 900‐meter deep diamond drill hole. The drilling will test a high-priority target identified from a helicopter-borne VTEM survey. The survey highlighted a deep, sub-vertical conductive anomaly on the southwest side of the current Mineral Resource Estimate, which could signal more abundant sulphide mineralisation and potentially higher copper grades than those previously encountered. The hole, set to commence in July, will not only cross the known extent of mineralisation at Briggs but will also probe the untapped VTEM target. This effort is supported by a $250,000 grant from the Queensland Government under its Collaborative Exploration Initiative. In addition to this deep drilling, the company plans further infill drilling later in 2025, aimed at enhancing the current resource estimate that at a 0.15% copper cut-off grade contains 2.0Mt Cu, 73Mlb Mo, and 16.5Moz Ag. At the same time, progress continues on the Briggs Scoping Study, due for completion in August 2025. This study is assessing the feasibility of developing a large-scale open cut mine that would utilize conventional crushing, grinding, and flotation processing to produce a copper concentrate. The project benefits from its location in a tier-one jurisdiction, strong infrastructure with proximity to road, rail, power corridors and the deep-water port of Gladstone, and access to a skilled local workforce. Canterbury Resources Limited is partnering with Alma Metals under a joint venture in which Alma currently holds a 51% interest, with the option to increase this stake to 70% by funding additional exploration activity. This collaboration underlines the project's strategic importance and its potential to deliver significant resource developments. Bullish sentiment is supported by the innovative approach to testing a promising VTEM anomaly that may unlock higher grade copper targets, enhanced by government funding and strong infrastructure support. The forward momentum provided by the scoping study and planned infill drilling further adds to the positive outlook. On the bearish side, inherent exploration risks remain as the success of the deep drill hole and subsequent infill drilling is yet to be proven. Uncertainties about the anomaly’s actual grade and extent could temper near-term enthusiasm if results do not meet expectations.