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COPPERSTONE RESOURCES Kiruna , November 19 , 2021 INTERIM REPORT JULY - SEPTEMBER 2021 JULY - SEPTEMBER 2021 • Result of the period amounted to -3,069 ( -7,239 ) KSEK . • Earnings per share was 0.00 ( -0.01 ) SEK . • Capitalized exploration assets at the end of the period amounted to 408,033 ( 325,712 ) KSEK which follows the communicated plan . • The cash flow during the period was -15,490 ( -6,618 ) KSEK . • The liquidity at the end of the period was 169,894 ( 12,665 ) KSEK . JANUARY - SEPTEMBER 2021 Result of the period amounted to -11,774 ( -9,304 ) KSEK . Earnings per share was -0.01 ( -0.02 ) SEK . • • Total assets at the end of the period were 585,371 ( 344,548 ) KSEK . • The cash flow during the period was 168,942 ( -6,433 ) KSEK . Shareholders ' equity at the end of the period increased by 95 % to 546,187 ( 280,438 ) KSEK due to the new issues of shares that was carried out in the first and second quarter 2021 . SIGNIFICANT EVENTS DURING THE PERIOD • • Copperstone's exploitation concession Viscaria k no . 7 confirmed by the Swedish Government . Copperstone Resources scales up the Viscaria project and explores the possibility of an increased yearly milled run - rate production to 3 Mton and an increased future potential net profit to 850 MSEK after ramp- up . SIGNIFICANT EVENTS AFTER THE PERIOD • In October Copperstone Resources appoints Markus Petäjäniemi as Deputy Chairman of the Board of Directors . " The high pace in Copperstone's journey to reopen the Viscaria mine , continued during the third quarter . We have gained several new colleagues at the head office and at the end of September we had many eminent investors on a site visit in Kiruna . During the same day we also announced our plans to make projects significantly larger - with a potential increased yearly milled run - rate and an increased production capacity in our planned concentrator . The overall positive attitude from stakeholders to the project gives us energy and we are now working hard and focused on our environmental permit , which we aim to submit to the Land and Environment Court in March 2022. " comments CEO Anna Tyni . In case of any discrepancy between the English version and the Swedish original text , the Swedish version shall prevail . Copperstone Resources AB Org . nr 556704-4168 Q3 2021 1