Patriot Resources Limited has entered into an agreement to acquire a 100% interest in the Sugarloaf Copper Deposit, a high‐grade copper asset located in Zambia’s Mumbwa District. The deposit carries an Exploration Target of approximately 1.6 million to 2.5 million tonnes at 2.0% to 2.5% total copper (TCu), equating to roughly 32,000 to 62,500 tonnes of contained copper. Early historical drilling data supports these figures, with one drill hole returning an impressive 91.76 meters grading 2.02% TCu, including a shorter 10.01-meter interval averaging 6.16% TCu. The acquisition terms outline an initial deposit of US$10,000 and a payment of US$1,000,000 due within 90 days, with an additional deferred payment option of either US$500,000 by the end of 2025 or US$1,000,000 against positive mining cash flow. This structure, subject to a 30-day due diligence period and customary regulatory approvals, reflects Patriot’s measured approach in building a portfolio that ranges from near-term high-grade production to blue sky exploration opportunities within a prolific copper district. Aligning the development timeline of Sugarloaf with the nearby Sinomine Kitumba Process Plant and smelter—expected to be operational by late 2026—adds strategic value, as the facility will be used to process the copper ore. The deposit itself is well positioned with open pit mining potential, being located less than half a kilometre from the power grid and only 4.4 kilometers from Sinomine’s mining development. The historical data includes over 11,900 meters of diamond core drilling and reveals not only substantial copper mineralisation but also incidental findings of cobalt, nickel, and phosphate. Bullish sentiment revolves around Patriot Resources Limited’s ability to leverage existing infrastructure and synergise with nearby processing facilities. The high-grade nature of Sugarloaf, combined with its ready exposure and artisanal mining record, provides strong indications of value, especially with copper prices around US$9,519 per tonne. Investors may view the acquisition as a promising addition to a diversified portfolio and a strategic move to capture future upside from planned resource definition, scoping, and feasibility studies. Conversely, the bearish perspective highlights the inherent risks associated with an early-stage exploration target. The figures remain conceptual until further detailed exploration confirms a Mineral Resource, and the deferred payment structure exposes the company to uncertainties in cash flow generation. Moreover, extensive due diligence and additional drilling will be required to validate historical data and secure a commercially viable project, factors that can temper investor optimism in the near term.