New Risk • May 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.7% per year over the past 5 years. Revenue is less than US$1m (AU$62k revenue, or US$45k). Market cap is less than US$10m (AU$4.90m market cap, or US$3.55m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Anuncio • Apr 28
Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.979446 million. Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.979446 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,588,912
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Anuncio • Apr 21
Cooper Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.979446 million. Cooper Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.979446 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,588,912
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 18
First half 2026 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2025) First half 2026 results: AU$0.004 loss per share (improved from AU$0.005 loss in 1H 2025). Net loss: AU$282.5k (loss narrowed 24% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.1m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$145k revenue, or US$96k). Market cap is less than US$10m (AU$4.54m market cap, or US$3.02m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Oct 01
Full year 2025 earnings released: AU$0.008 loss per share (vs AU$0.022 loss in FY 2024) Full year 2025 results: AU$0.008 loss per share (improved from AU$0.022 loss in FY 2024). Net loss: AU$604.2k (loss narrowed 57% from FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$110k revenue, or US$72k). Market cap is less than US$10m (AU$5.64m market cap, or US$3.73m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Anuncio • Sep 22
Cooper Metals Limited, Annual General Meeting, Nov 17, 2025 Cooper Metals Limited, Annual General Meeting, Nov 17, 2025. Reported Earnings • Mar 19
First half 2025 earnings released: AU$0.005 loss per share (vs AU$0.015 loss in 1H 2024) First half 2025 results: AU$0.005 loss per share (improved from AU$0.015 loss in 1H 2024). Net loss: AU$372.2k (loss narrowed 56% from 1H 2024). New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$110k revenue, or US$69k). Market cap is less than US$10m (AU$3.37m market cap, or US$2.13m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Revenue is less than US$1m (AU$126k revenue, or US$78k). Market cap is less than US$10m (AU$3.53m market cap, or US$2.18m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Anuncio • Oct 08
Cooper Metals Limited, Annual General Meeting, Nov 26, 2024 Cooper Metals Limited, Annual General Meeting, Nov 26, 2024. New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Revenue is less than US$1m (AU$126k revenue, or US$88k). Market cap is less than US$10m (AU$4.23m market cap, or US$2.93m). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.022 loss per share (vs AU$0.022 loss in FY 2023) Full year 2024 results: AU$0.022 loss per share (in line with FY 2023). Net loss: AU$1.42m (loss widened 40% from FY 2023). Anuncio • Aug 14
Cooper Metals Limited has completed a Derivatives Offering in the amount of AUD 0.00663 million. Cooper Metals Limited has completed a Derivatives Offering in the amount of AUD 0.00663 million.
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 2,210,071
Price\Range: AUD 0.003
Transaction Features: Rights Offering Reported Earnings • Mar 19
First half 2024 earnings released: AU$0.015 loss per share (vs AU$0.012 loss in 1H 2023) First half 2024 results: AU$0.015 loss per share (further deteriorated from AU$0.012 loss in 1H 2023). Net loss: AU$844.8k (loss widened 58% from 1H 2023). New Risk • Feb 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (AU$5.0k revenue, or US$3.3k). Minor Risk Market cap is less than US$100m (AU$19.6m market cap, or US$12.7m). Anuncio • Feb 28
Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Anuncio • Feb 21
Cooper Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Cooper Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Anuncio • Nov 23
Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million. Cooper Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,952,000
Price\Range: AUD 0.125
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,048,000
Price\Range: AUD 0.125 New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (AU$5.0k revenue, or US$3.2k). Market cap is less than US$10m (AU$7.57m market cap, or US$4.82m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$3.9m). Shareholders have been diluted in the past year (27% increase in shares outstanding). Anuncio • Sep 29
Cooper Metals Limited, Annual General Meeting, Nov 23, 2023 Cooper Metals Limited, Annual General Meeting, Nov 23, 2023. Agenda: To consider directorate elections. New Risk • Aug 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$5.0k revenue, or US$3.3k). Market cap is less than US$10m (AU$6.75m market cap, or US$4.38m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$3.8m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Anuncio • Feb 08
Cooper Metals Limited Announces Anomalism Extended At Gooroo Project Cooper Metals Limited announced the results of the infill soil sampling at the Gooroo Project in Western Australia. The Gooroo Project is located approximately 413km north of Perth. Nearby mining projects include Silver Lake Resources Limited Deflector mine with 1.27 Moz Au @ 13.5 g/t & 3 Mt @ 0.8% Cu)1 . Cooper is targeting Orogenic Au and Cu- Au mineralisation (Deflector style) in the highly prospective Gullewa Greenstone Belt in the Murchison Province of the Yilgarn Craton. The vast majority of exploration has been within the northern limb of the Gullewa syncline which offers better exposures of greenstone belt and has been successful in the discovery of a number of gold deposits, most notably Deflector, which is a blind gold deposit under cover. Cooper completed infill soil sampling on a 100m spaced grid, over anomalous gold areas identified in the 200m regional soil sampling survey reported in early 2022. Five hundred and ninety three infill samples were collected taking the total number of soil samples to 1104. Encouragingly gold (Au) assays up to 24.7ppb Au were returned from infill sampling, with samples greater than 4ppb Au considered anomalous. Gold anomalies were ranked more highly based on their strength, the presence of other anomalous pathfinder elements such as arsenic (As), the amount of anomalous Au sample results occurring in proximity together, and the proximity of the gold anomalies to mapped greenstone outcrop and/or interpreted faults. Anomaly 1: in the NW occurs over subcropping greenstone and also has anomalous As and Au with peak value of 11.2 ppb Au Anomaly 2: in the NW occurs over subcropping greenstone and also has anomalous As and Au with peak value of 15.1 ppb Au Anomaly 3: has a maximum value of 24.7 ppb Au and occurs over mafic rocks close to a NNE trending fault Anomaly 4: is a tight cluster of gold anomalism over mafic rocks, close to a NE trending structure, with peak value of 6.7 ppb Au Anomaly 5: in the SE of the grid area is a tight cluster of anomalous gold samples in close to structurally complex zone of intersecting faults, with a peak value of 5.5 ppb Au. An area of diffuse gold anomalism in colluvium material may be masking any true gold response at depth. Auger drilling will be trialled in covered areas to test for gold anomalism in thebasement. Cooper has commenced a field trip to ground truth the four priority gold anomalies ahead of planned auger drilling later in the year. Auger drilling is planned in areas of cover where basement rocks are not exposed. Cooper has submitted a program of work to the regulators, and drilling will commenceafter the necessary approvals are received. Anuncio • Jan 12
Cooper Metals Limited Announces the Outstanding Assay Results from Samples Taken from the Recent RC Drilling Program At King Solomon and Python Cu-Au Prospects Cooper Metals Limited announced the outstanding assay results from samples taken from the recent RC drilling program at King Solomon and Python Cu-Au prospects at the Mt Isa East Copper Gold Project in northwestern Queensland. Overview of Drilling Program: A total of nineteen reverse circulation holes for 2,816m was completed on a range of targets at King Solomon 1, King Solomon 2, King Solomon 3, Python and the Camp gossan. The bulk of the drilling was completed at King Solomon, with 15 holes for 2,314m drilled. The first batch of assay results was reported to the ASX on 12 December 2022. The laboratory has now provided assay results for all of the fifteen holes submitted to the laboratory. King Solomon 1 November Drill Program Overview: The November drill program is the third program completed by Cooper at King Solomon in 2022. This third phase included eleven drill holes for 1,824m of RC drilling at King Solomon 1 prospect, drilling under historical workings and testing three plunging shoots identified in the August RC drilling program. To recap, King Solomon 1 has steeply dipping Cu-Au mineralisation hosted within a NNW trending shear zone within the Corella Formation. Mineralisation has been traced for around 650m along strike, with higher grades in three interpreted plunging shoots. The latest results have now confirmed mineralisation down to at least 170m deep, in hole 22MERC048A. Significant results from 22MERC048A include: 14m at 1.1% Cu and 0.04g/t Au from 44m, incl: 1m at 4.6% Cu and 0.23g/t Au & Incl: 3m at 2.7% Cu and 0.07g/t (22MERC048A); 21m at 0.8% Cu and 0.09g/t Au from 158m, incl: 8m at 1.5% Cu and 0.2g/t Au (22MERC048A); These latest results build on assays released in December last year including assays from drill hole 22MERC055 located in the northern part of King Solomon, which contained three significant intercepts of Cu-Au mineralisation. Importantly, the western zone of mineralisation intersected individual one metre gold grades up to 4.1g/t. Significant Cu-Au intercepts from 22MERC055 include: 17m at 1.7% Cu and 0.38g/t Au from 49m incl: 4m at 6.2% Cu and 1.31g/t Au (western zone); 9m at 2.5% Cu and 0.25g/t Au from 94m incl: 5m at 4.2% Cu and 0.39g/t Au (middle zone); 12m at 0.6% Cu and 0.02g/t Au from 148m incl: 2m at 1.3% Cu and 0.04g/t Au (eastern zone); Other significant intercepts at King Solomon 1 from the recent drilling include: 14m at 1.3% Cu and 0.07g/t Au from 97m, incl: 7m at 2.1% Cu and 0.11g/t Au (22MERC048); 13m at 0.8% Cu and 0.02g/t Au from 29m incl: 1m at 3.0% Cu and 0.08g/t Au (22MERC048); 6m at 1.2% Cu and 0.06g/t Au from 166m (22MERC050); 8m at 0.6% Cu and 0.1g/t Au from 128m, incl: 2m at 1.2% Cu and 0.24g/t Au (22MERC057); 10m at 0.5% Cu and 0.15g/t Au from 55m, incl: 3m at 1.2% Cu and 0.4g/t Au (22MERC058); 12m at 0.3% Cu and 0.01g/t Au from 158m, incl: 1m at 1.0% Cu and 0.01g/t Au (22MERC064). The new drilling has helped define the edges of the three higher grade plunging shoots, with further drilling required to ascertain the depth potential of copper-gold mineralisation. Encouragingly, deeper holes 22MERC055, 22MERC048A and 22MERC50 show significant mineralisation is open at depth. Importantly, the recent IP survey3 announced last December indicates that the southern chargeability response extends at depth, plunging to the SSE, which may indicate strong potential for copper-gold mineralisation in this area down to at least 250m below surface. King Solomon 2: Drilling at the northern end of King Solomon 2 was designed to test two target areas, with 22MERC060A a redrill of 22MERC060 testing a deeper target to the east. Significant shallow mineralisation was interested including in both holes including: 16m at 0.8% Cu and 0.03 g/t Au from 12m, incl: 5m at 2.0% Cu and 0.05 g/t Au (22MERC060); 16m at 0.5% Cu and 0.02 g/t Au from 16m, incl: 3m at 1.2% Cu and 0.05 g/t Au (22MERC060A). The nearest drill hole located approximately 110m to the southeast of 22MERC060A indicates continuation of the mineralised horizon with a broad zone of low grade copper mineralisation (<1%) intersected in 22MERC024. This leaves an untested area downdip and along strike for follow up. Anuncio • Dec 20
Cooper Metals Limited Announces Results of the Recent Induced Polarisation (IP) Survey At King Solomon 1 Prospect At the Mt Isa East Copper Gold Project in Northwestern Queensland Cooper Metals Limited announced results of the recent induced polarisation (IP) survey at King Solomon 1 prospect at the Mt Isa East Copper Gold Project in northwestern Queensland. Induced Polarization Survey - King Solomon After the November RC drilling at King Solomon where the Company announced more significant Cu-Au intercepts at King Solomon 1 including results from drill hole 22MERC0551 of: 17m @ 1.7% Cu and 0.38g/t Au from 49m incl: 4m @ 6.2% Cu and 1.31g/t Au (western zone), and 9m @ 2.5% Cu and 0.25g/t Au from 94m incl: 5m @ 4.2% Cu and 0.39g/t Au (middle zone). Australian Geophysical Services completed an induced polarisation (IP) survey over the King Solomon 1 prospect to test for chargeability response beneath the current drill depth (~150m deep) to around 250 to 300m deep. Results for the IP survey are very encouraging, highlighting an untested chargeability anomaly at depth, with the southern end of King Solomon 1 showing the strongest response. The IP survey consisted of seven dipole-dipole (DP-DP) lines oriented across strike (~600) of the mineralisation and one DP-DP line oriented along strike (~3300) of the mineralisation. The eight new DP-DP lines along with the IP gradient array data acquired last July2 were used by Cooper's consultant geophysicist to generate a 3D model of the IP response. The IP model indicates three high chargeability responses consistent with the three plunging mineralised shoots delineated by the RC drilling. A review of drill results to date indicates that IP chargeability response at King Solomon 1 is strongest when coincident with either Cu-Au mineralisation, pyrite and/or magnetite alteration, providing a robust targeting method at depth. Importantly, the southern chargeability response extends at depth, plunging to the SSE, which may indicate strong potential for Cu-Au mineralisation in this area down to at least 250m below surface. Next Steps King Solomon 1: Obtain remaining assay results for the November drilling and interpret; Plan follow up drilling at King Solomon 1. Anuncio • Dec 13
Cooper Metals Limited Announces Assay Results from First Batch of Samples Taken from Recent RC Drilling Program at King Solomon and Python Cu-Au Prospects at Mt Isa East Copper Gold Project in Northwestern Queensland Cooper Metals Limited announced assay results from the first batch of samples taken from the recent RC drilling program at King Solomon and Python Cu-Au prospects at the Mt Isa East Copper Gold Project in northwestern Queensland. Overview of Drilling Program: A total of nineteen reverse circulation holes for 2,816m was completed on a range of targets at King Solomon 1, King Solomon 2, King Solomon 3, Python and the Camp gossan. The bulk of the drilling was completed at King Solomon, with 15 holes for 2,314m drilled. The laboratory has provided assay results for five of the fifteen holes submitted to the laboratory. King Solomon 1 November Drill Program Overview: The November drill program is the third program completed by Cooper at King Solomon in 2022. This third phase included eleven drill holes for 1,824m of RC drilling at King Solomon 1 prospect, drilling under historical workings and testing three plunging shoots identified in the August RC drilling program. Drilling has now confirmed mineralisation down to at least 150m deep, with hole 22MERC050 intersecting 6m @ 1.2% Cu from 166m in the southern shoot of King Solomon 1. To recap, King Solomon 1 has steeply dipping Cu-Au mineralisation hosted within a NNW trending shear zone within the Corella Formation. Mineralisation has been traced for around 650m along strike, with higher grades in three interpreted plunging shoots. Most of the new drillholes were drilled from the western side towards the northeast. This was designed to explore the footwall zone, west of the main mineralised shear zone where drilling of the western zone in August intersected narrow high-grade gold, including 1m @ 0.7% Cu & 1.95g/t Au from 32m (22MERC046). In November further high-grade gold was intersected in the western zone, most notably in hole 22MERC055 with 4m @ 6.2% Cu and 1.31g/t Au within a broader mineralised intersection. The continuity of the western zone along strike and downdip is yet to be fully evaluated with large areas remaining untested. The recently completed IP survey, that included seven IP section lines, is in the process of being interpreted by the consulting geophysicist. Results of this interpretation will aid further drill planning. Assay results for hole 22MERC055 located in the northern part of King Solomon 1, contained three significant intercepts of Cu-Au mineralisation. Importantly, the western zone of mineralisation intersected individual one metre gold grades up to 4.1g/t. Significant Cu-Au intercepts from 22MERC055 include: 17m @ 1.7% Cu and 0.38g/t Au from 49m incl: 4m @ 6.2% Cu and 1.31g/t Au (western zone); 9m @ 2.5% Cu and 0.25g/t Au from 94m incl: 5m @ 4.2% Cu and 0.39g/t Au (middle zone); 12m @ 0.6% Cu and 0.02g/t Au from 148m incl: 2m @ 1.3% Cu and 0.04g/t Au (eastern zone). Other new significant intercepts at King Solomon 1 include: 14m @1.3% Cu and 0.07 g/t Au from 97m, incl: 7m @ 2.1% Cu and 0.11 g/t Au (22MERC048); 13m @ 0.8% Cu and 0.02g/t Au from 29m incl: 1m @ 3.0% Cu (22MERC048); 6m @ 1.2% Cu and 0.06g/t Au from 166m (22MERC050). Next Steps: Obtain remaining assay results for the November drilling and interpret; Complete IP processing at King Solomon ahead of any drill planning. Anuncio • Nov 24
Cooper Metals Limited Announces King Solomon Cu-Au Continues to Grow Cooper Metals Limited announce the completion of the RC drilling program at King Solomon and Python Cu-Au prospects and the commencement of an induced polarization survey (IP) at the Mt Isa East Copper Gold Project innorthwestern Queensland. A total of nineteen reverse circulation holes for 2,816m was completed on a range of targets at King Solomon 1, King Solomon 2, Python and the Camp gossan. Fifteen drill holes for 1,740m of RC drilling were completed at King Solomon 1 prospect, drilling under historical workings and testing three plunging shoots identified in the August RC drilling program. A slightly different approach was taken in this program with most drillholes drilled from the western side towards the northeast. This was designed to explore the footwall zone west of the main mineralised shear zone where drilling in August intersected narrow high-grade gold including 1m @ 0.7% Cu & 1.95g/t Au from 32m (22MERC046). The drilling has intersected visual sulphides in several holes the most significant visual intersection was in the northern portion of King Solomon 1, where hole 22MERC055 intersected three zones of visual sulphides including a new western zone adjacent to the main mineralised shear zone. The extent of the western zone is unknown. No assay results are available yet. Visual estimates of sulphide mineralisation ranged from trace (<1%), to disseminated (0-10%) and up to semi-massive in one sample (>10%). Sulphide mineralisation is dominantly hosted in sheared siltstones of the Corella Formation and associated with quartz-carbonate alteration. The visible sulphide mineralisation thickness pinches and swells along the King Solomon trend and at this stage the continuity and grade of copper and gold mineralisation is still being assessed. Six hundred and twenty, one metre RC drilling samples (including QA/QC samples) taken from nineteen drill holes, were submitted to Australian Laboratory Services in Mount Isa in two separate batches. The samples will be analysed for a suite of elements including copper and gold. One metre samples were selected by a geologist for laboratory analysis based on the observed geology in the drill chips and guided by a portable XRF machine, where copper was measured at >1000ppm. Samples immediately above and below the mineralised horizon were also selected for analysis. Anuncio • Nov 17
Cooper Metals Limited Announces New Ardmore Tenement Delivers High Grade Rock Chip Results Cooper Metals Limited provided results of reconnaissance geochemical sampling on the new Ardmore tenement and at Sylvia May within the Mt Isa East Copper Gold Project in northwestern Queensland. In October 2022, Cooper acquired 100% of the Ardmore tenement EPM191251. EPM19125 adjoins Cooper's existing tenement EPM27782, expanding the Company's coverage of the Mary Kathleen Domain, a highly prospective structural domain for copper-gold deposits as highlighted by Carnaby Resources' recent discoveries at Nil Desperandum, Lady Fanny and Mt Hope just to the south of Cooper's existing tenure. Interestingly, Carnaby's interpreted IOCG corridor defined by the position of Nil Desperandum, Lady Fanny and Mo Hope appears to extend towards the southern end of EPM19125. e new tenement also provides significant exposure to the highly pospective Fountain Range Faults that have demonstrated large volumes of ydrothermal fluid flow, mineralisation and currently the focus of significant exploration to the northeast of EPM19125 at Hammer Metals Ajax and Trafalgar Cu-Au prospects 1. In October, Cooper geologists visited the new Ardmore tenement and completed initial geochemical sampling. Field reconnaissance of historical workings in the northern part of the tenure and sheared lithological contacts between the prospective Corella Formation and mafic rocks delivered several high grade copper results. cpper mineralisation was dominated by malachite, a copper oxide mineral. n the north, small prospecting pits returned samples up to 17.3% Cu and 0.4 g/t Au from MER098 and 2.41% u and 0.26 g/t Au from MER099. In the southern part of EPM19125, just 5.5 m to the northeast of Carnaby's Mt Hope rospect, initial sampling along a sheared contact zone between the prospective orella Formation and mafic rocks returned anomalous rock chip samples with grades up to 17.25% Cu and 0.3g/t Au MER096). The copper mineralisation is osted in the Corella Formation and ssociated with strong quartz carbonate lteration in a shear zone similar to what are drilling at King Solomon to the north. he sheared contact extends for around .8km in EPM19125. oth the eastern and western sides of the mafic rocks in contact with the Corella Formation show evidence of copper mineralisation at surface. The government database indicates no prior drilling in this area. Next steps in this area include a soil sampling program to identify the extent and strength of copper anomalism ahead of any geophysical surveys and drill testing. Since announcing the initial rock chip results at Sylvia May prospect last month2, Cooper geologists have been back to the area to sample remnant historical ore stockpile at Sylvia May. Sylvia May is located approximately 12km south of King Solomon prospect. There are two historical open pits at Sylvia May which were mined for copper during the middle of last century. Minimal exploration has been completed in the area although there is evidence of one historical drill hole into the northern pit. The southern pit (Little Sylvia) is approximately 20m deep, 20m long and 4m wide, with quartz veining, and minor malachite staining. The rocks are mapped as Argylla formation and rock chip sample MER087 returned 1.45% Cu and 0.05ppm Au from mineralisation in the pit wall2. The mineralisation appears to be on a north westerly trending shear zone. The main Sylvia May pit is approximately 190m to the north northwest of Little Sylvia. The pit is in poor condition with steep walls, and an adit in the eastern side. Rock chip sample MER088 taken from a small digging just north of the pit assayed 0.95% Cu and 0.036 ppm Au2. New rock chip sample MER102 taken from the small stockpile at Sylvia May returned 7.10% Cu and anomalous gold of 0.05g/t Au. The John Bull prospect is approximately 700m to the southeast along what appears to be the same shear zone that hosts Sylvia May, possibly indicating potential for a more extensive mineralised structure. Follow up geochemical sampling is planned for 2023 ahead of any geophysical surveys and drilling. Cooper is currently drilling at King Solomon and Python prospects and due to finish in late November Soil sampling at the Ardmore tenement Reconnaissance sampling is also planned to continue following-up VTEM anomalies and other targets identified by Cooper's team. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 02
Cooper Metals Limited Announces Drilling Begins At the Mt Isa East Cu-Au Project Cooper Metals Limited announced a follow up drilling campaign to test the significant shallow copper and gold mineralisation intersected at King Solomon 1 and commencement of the first ever drilling at the nearby Python Prospect. Back in March, Cooper announced that a single fixed loop electromagnetic (FLEM) survey completed. over Python prospect identified a robust conductor at the northeastern end of the prospect approximately 500m from known copper mineralisation and historical workings. The conductor was modelled as a shallow southeasterly plunging body approximately 320m long and 100m down dip, projecting back to within 10m of the surface. The conductor is coincident with a significant northwesterly trending fault that may have been important in hosting copper mineralisation. Ground checking of the modelled conductor in March and June by Cooper geologists identified iron oxide rich gossanous rock in metasediments of the Corella Formation and importantly, rock sample MER078 returned anomalous metals including 0.2% Cu and 0.24% sulphur (MER078) above the modelled conductor . The FLEM response indicates the conductor commences approximately 10m below surface, so any copper anomalism at surface is very encouraging. The two drill holes planned for the conductor are approximately 220m long and present a fairly challenging target for the drill rig due to access constraints associated with the river. Therefore drilling is to start at King Solomon to gain confidence in the rig's capacity to hit targets at depth. The FLEM response indicates the conductor commences approximately 10m below surface, so any copper anomalism at surface is very encouraging. The two drill holes planned for the conductor are approximately 220m long and present a fairly challenging target for the drill rig due to access constraints associated with the river. Therefore drilling is to start at King Solomon to gain confidence in the rig's capacity to hit targets at depth. Cu & 0.23g/t Au (22MERC023) some 170m NNW of previously reported intercept in 22MERC015. Cu-Au mineralisation has been intersected over 650m of strike length with three higher grade south-easterly plunging shoots identified and remaining open at depth. As a result of these significant Cu-Au shallow intersects, eleven holes for approximately 1,700m are planned at King Solomon designed to test down plunge of the known mineralisation and separate IP targets identified in July. Once the geological model is confirmed by RC drilling, an induced polarisation (IP) survey is planned to survey deeper down, further checking the depth potential of the mineralisation prior to any diamond drilling. Next steps - King Solomon and Python: Complete RC drilling, assays and interpretation; Commence IP survey to test depth potential of King Solomon 1 and plan follow up RC or diamond drilling for 2023. Anuncio • Oct 27
Cooper Metals Limited Announces Mt Isa East Exploration Update Cooper Metals Limited provided an exploration update for the Mount Isa East Cu-Au Project. Earthworks are completed for the drilling access to Python, Python electromagnetic conductor and follow-up drilling at King Solomon 1 Cu-Au prospects. RC drilling to test Python fixed loop electromagnetic conductor1 modelled as a south-easterly plunging conductor starting just below surface and extending for 300m down plunge. Regulatory approval for two RC holes has been received and will be part of a drill program also testing under a historical shaft and open pit in the area. The three plunging shoots of higher grade Cu-Au mineralisation identified at King Solomon 12 during the August drilling campaign will be tested at depth with RC drilling. Reconnaissance rock chip sampling identifies anomalous copper grades up to 11.2% Cu over VTEM anomalies identified earlier in the year in large regional airborne VTEM survey. Cooper continues to build the pipeline of targets with reconnaissance sampling identifying copper potential at several historical mines including Sylvia May and Scorpion prospects. Back in March, Cooper announced that a single fixed loop electromagnetic (FLEM) survey completed over Python prospect identified a robust conductor1 at the northeastern end of the prospect approximately 500m from known copper mineralisation and historical workings. The conductor was modelled as a shallow southeasterly plunging body approximately 320m long and 100m down dip, projecting back to within 10m of the surface. The conductor is coincident with a significant northwesterly trending fault that may have been important in hosting copper mineralisation. Ground checking of the modelled conductor in March and June by Cooper geologists identified iron oxide rich gossanous rock in metasediments of the Corella Formation and importantly rock sample MER078 returned anomalous metals including 0.2% Cu and 0.24% sulphur (MER078) above the modelled conductor. The FLEM response indicates the conductor commences approximately 10m below surface, so any copper anomalism at surface is very encouraging. Two drill holes are planned for the conductor and two holes near the historical workings at Python. Anuncio • Oct 19
Cooper Metals Limited Finalizes the Acquisition of Ardmore Resources Pty Ltd and as A Result Now Owns 100% of EPM19125 Cooper Metals Limited announced that the Company has finalized the acquisition of Ardmore Resources Pty Ltd. and as a result now owns 100% of EPM19125. This acquisition expands the Mt Isa East Copper-Gold Project within the highly prospective Mt Isa Inlier. In August the Company announced the signing of the Heads of Agreement to acquire Ardmore Resources Pty Ltd. (Ardmore Resources) the owner of 100% of EPM19125. EPM19125 adjoins Cooper's existing tenement EPM27782 expanding the Company's coverage of the Mary Kathleen Domain, a highly prospective structural Domain for copper-gold (Cu-Au) deposits as highlighted by Carnaby Resources' recent discoveries at Nil Desperandum and Lady Fanny just to the south of Cooper's existing tenure. Interestingly, Carnaby's interpreted IOCG corridor defined by the position of Nil Desperandum, Lady Fanny and Mt Hope appears to extend towards the southern end of EPM19125. The new tenement also provides significant exposure to the highly prospective Fountain Range Fault (and subsidiary structures) that have demonstrated large volumes of hydrothermal fluid flow, mineralization and currently the focus of significant exploration to the northeast of EPM19125 at Hammer Metals Ajax and Trafalgar Cu-Au prospects. Historical exploration on EPM19125 is limited to regional geochemical programs, including rock chip sampling and stream sediment sampling. In the past ten years the previous tenement holder completed a detailed airborne magnetic survey (100m line spacing) and some limited rock chip sampling. Plans to drill test the area were never realised during the exploration downturn. Within EPM19125, the Queensland's Government GeoResGlobe database records two Cu-Au prospects including an abandoned copper mine adjacent to the regional Fountain Range Fault. The mine is described as 70m long, 3m wide, and 3m deep. GeoResGlobe also includes 35 historical rock chip samples with results up to 5% Cu and 5 g/t Au at the eastern edge of the tenure (sample 5013082, Summit Gold Aust Pty Ltd). The EPM area is dominated by Corella Formation, meta-dolerite intrusions, Magna Lynn Metabasalt, Argylla Formation and Bowlers Hole Granite. An initial desktop review by Cooper's geologist highlights at least three priority areas to follow up including: Historical mine in the north of tenure adjacent to Fountain Range Fault where rock chip samples up to 2.5% Cu and 0.7g/t Au (Sample 5012934), Historical working in zone of north-south faulting against, between Corella Formation rocks in the west and mafic intrusive to the east, and Anomalous copper in historical rock chips adjacent to Fountain Range Fault. Next Steps Mt Isa East Project: Cooper will continue to conduct desktop and on ground evaluation of EPM19125 and the Company's other tenure to identify potential Cu-Au targets, RC drilling to commence in late October at Python and King Solomon prospects and Ground truthing of VTEM anomalies is ongoing. Anuncio • Sep 28
Cooper Metals Limited Announces Receipt of All Assay Results for the King Solomon Cu-Au Prospect Cooper Metals Limited announced the receipt of all assay results for the King Solomon Cu-Au prospect from the August RC drilling program at the Mt Isa East Copper Gold Project in northwestern Queensland. King Solomon 1 RC drilling results: The Company has now received the remaining assay results from the August RC drilling program at the King Solomon Cu-Au prospect. To recap, twenty RC drill holes were drilled at King Solomon 1 to test IP anomalies and to extend mineralisation intersected in the June 2022 maiden drilling program. The key outcomes of the August RC drilling are summarised below: Cu-Au mineralisation was successfully extended along strike in both directions and down dip with Cu-Au mineralisation intersected 70m SSE in hole 22MERC032, intersecting 19m @ 1.6% Cu and 0.21g/t Au from 123m, including 5m @ 4.5% Cu and 0.57g/t Au and drillhole 22MERC023 intersecting 14m @ 1.0% Cu & 0.09g/t Au from 76m including 4m @ 2.1% Cu & 0.23g/t Au (22MERC023) some 170m NNW of previously reported intercept in 22MERC0151. Cu-Au mineralisation has been intersected over 650m of strike length with three higher grade south-easterly plunging shoots identified and remain open at depth. Significant new intersections from the latest assays at King Solomon 1 include: 14m @ 0.8% Cu from 102m, incl: 4m @ 1.9% Cu & 0.12 g/t Au, and 1m @ 1.2% Cu from 125m (22MERC038). 20m @ 0.8% Cu from 132m, incl: 3m @ 1.5% Cu & 0.12 g/t Au, 2m @1.1% Cu & 0.1 g/t Au and 2m @1.7% Cu & 0.12 g/t Au (22MERC037). 8m @ 0.7% Cu from 93m incl: 4m @ 1.3% Cu (22MERC033). 37m @ 0.5% Cu from 88m, incl: 6m @ 1.3% Cu & 0.11 g/t Au & 1m @ 1.5% Cu & 0.14 g/t Au from 123m (22MERC041). 30m @ 0.5% Cu from 86m incl: 8m @ 1.5% Cu & 1m @ 0.7% Cu & 1.95g/t Au from 32m (22MERC046). 22m @ 0.4% Cu from 63m incl: 1m @ 1.3% Cu & 0.17 g/t Au, 1m % 1.1% Cu & 2m @ 1.1% Cu (22MERC035). 4m @ 0.6% Cu from 95m, incl: 1m @ 1.5% Cu (22MERC042). 2m @ 2.0% Cu & 0.11 g/t Au from 123m (22MERC039). 8m @ 0.4% Cu from 61m incl: 1m @ 1.3% Cu (22MERC043). 26m @ 0.4% Cu from 118m, incl: 1m @ 1.7% Cu & 0.12g/t Au (22MERC036) Significant intersections previously reported to the ASX on September 15th, 2022: 19m @ 1.6% Cu & 0.21g/t Au from 123m, incl. 5m @ 4.5% Cu & 0.57g/t Au (22MERC032). 7m @ 1.5% Cu & 0.16g/t Au from 107m incl. 4m @ 2.2% Cu & 0.26g/t Au (22MERC031). 14m @ 1.0% Cu & 0.09g/t Au from 76m incl. 4m @ 2.1% Cu & 0.23g/t Au (22MERC023). 5m @ 1.1% Cu & 0.15g/t Au from 112m (22MERC023). 10m @ 1.0% Cu & 0.04g/t Au from 101m incl. 3m @ 2.1% Cu & 0.08g/t Au (22MERC028). 3m @ 1.2% Cu & 0.1g/t Au from 91m incl. 1m @ 2.7% Cu & 0.21g/t Au (22MERC030). 2m @1.6% Cu & 0.05g/t Au from 86m (22MERC022). 1m @ 1.3% Cu from 107m (22MERC029). The high-grade mineralisation (> 1% Cu) is hosted within sheared siltstones of the Corella Formation and is associated with quartz-carbonate alteration. The low-grade mineralised envelope (>0.2% Cu) varies in downhole thickness (commonly >10m) and often has peripheral albite, hematite to magnetite red rock alteration typical of some IOCG deposits. Importantly the gold grade tends to increase with the copper grade, getting up to 1m @ 1.65g/t from 134m in 22MERC032, and frequently averaging >0.2g/t Au in the higher-grade core. Notably drillhole 22MERC046 the only hole drilled from the western side intersected a high-grade gold intercept of 1m @ 1.95g/t Au and 0.7% Cu from 32m in the footwall zone of the mineralisation away from the main copper lode. The footwall area requires further investigation for gold potential. King Solomon Drill Program Overview: The King Solomon prospect is divided into King Solomon 1, 2 and 3 over a strike length of ~ 1.5km. King Solomon 1 has the most extensive workings and surface mineralisation of the three areas. Twenty-seven RC drill holes for 3,463m were drilled at King Solomon Cu-Au prospect in August. Drill holes were drilled to a maximum downhole depth of 208m and an average downhole depth of 127m. The Company has now completed a total of forty-eight holes for 5,110m at King Solomon prospect in 2022. Of the forty-eight drill holes, thirty-two of the drill holes were completed over King Solomon 1, covering a strike length of approximately 710m. Cross sections 1 to 5 presented in Figures 4 to 8 show the interpreted mineralisation between historical workings near surface and Cooper's recent RC drilling. King Solomon 2 and 3: King Solomon 2 and 3 prospects are along strike to the SSE of King Solomon 1. Only six of the twenty seven holes drilled in the August program tested IP and geochemical anomalies at King Solomon 2 and 3. Encouragingly, broad low grade zones of Cu-Au mineralisation were intersected in several holes, along with significant disseminated magnetite and pyrite alteration that may partially explain the IP anomalies and potentially indicate a large IOCG system at depth. Drillhole 22MERC024 intersected 98m @ 0.1% Cu from 25m with a higher grade intercept of 37m @ 0.2% Cu from 63m associated with disseminated pyrite and magnetite. Hole 22MERC025 located approximately 60m to the south intersected patchy low grade copper mineralisation including 39m @ 0.1% Cu from 94m along with disseminated pyrite and magnetite. Drillhole 22MERC045 located approximately 80m SSE of 22MERC025 also intersected broad low grade copper with 43m @ 0.2% Cu from 36m. Hole 22MERC026 testing an IP anomaly intersected a narrow vein of copper mineralisation, with a halo of 12m @ 0.2 % Cu from 41m including 1m @ 1.4% Cu before entering a zone of strong magnetite alteration coincident with the IP anomaly. Drillhole 22MERC019A intercepted 4m @ 1% Cu from 78m including 1m @ 3.3% Cu testing beneath a mineralised outcrop and a weak IP anomaly. Anuncio • Sep 20
Cooper Metals Limited, Annual General Meeting, Nov 15, 2022 Cooper Metals Limited, Annual General Meeting, Nov 15, 2022. Anuncio • Sep 15
Cooper Metals Limited Announces King Solomon Continues to Deliver Significant Cu-Au Cooper Metals Limited announced the assay results for the King Solomon 1 copper-gold prospect from the recent maiden RC drilling program at the Mt Isa East Copper Gold Project in northwestern Queensland. Twenty RC drill holes were drilled at King Solomon 1 to test IP anomalies and to extend mineralisation intersected in the June 2022 maiden drilling program. The August drilling program has successfully extended Cu-Au mineralisation along strike in both directions and down dip. Drilling extended Cu-Au mineralisation at least 70m along strike to the SSE with hole 22MERC032 intersecting 19m at 1.6% Cu and 0.21g/t Au from 123m, including 5m at 4.5% Cu and 0.57g/t Au. Importantly, drill hole 22MERC023 intersected 14m at 1.0% Cu & 0.09g/t Au from 76m including 4m at 2.1% Cu & 0.23g/t Au (22MERC023) some 170m NNW of previously reported intercept in 22MERC015. Cu-Au mineralisation has now been intersected over 650m of strike length at King Solomon 1 with grade continuity to be confirmed with outstanding assays still in the laboratory. Of the twenty drill holes drilled into King Solomon 1 in August, seven have had assays received and are presented below and in. Significant new intersections at King Solomon 1 assays received to date include: 19m at 1.6% Cu & 0.21g/t Au from 123m, incl. 5m at 4.5% Cu & 0.57g/t Au (22MERC032); 7m at 1.5% Cu & 0.16g/t Au from 123m incl. 4m at 2.2% Cu & 0.26g/t Au (22MERC031); 14m at 1.0% Cu & 0.09g/t Au from 76m incl. 4m at 2.1% Cu & 0.23g/t Au (22MERC023); 5m at 1.1% Cu & 0.15g/t Au from 112m (22MERC023); 10m at 1.0% Cu & 0.04g/t Au from 50m incl. 3m at 2.1% Cu & 0.08g/t Au (22MERC028); 3m at 1.2% Cu & 0.1g/t Au from 91m incl. 1m at 2.7% Cu & 0.21g/t Au (22MERC030); 2m at1.6% Cu & 0.05g/t Au from 86m (22MERC022); 1m at 1.3% Cu from 107m (22MERC029). RC drilling has continued to outline a well-developed NNW trending sub-vertical to steeply dipping structural zone of copper and gold mineralisation potentially continuous over a strike length of approximately 650m, down to a maximum depth of approximately 120m (indicated in hole 22MERC032). The high-grade mineralisation (> 1% Cu) is hosted within sheared siltstones of the Corella Formation and is associated with quartz-carbonate alteration. The low-grade mineralised envelope (>0.2% Cu) varies in downhole thickness (commonly >10m) and often has peripheral albite, hematite to magnetite red rock alteration typical of some IOCG deposits. Importantly the gold grade tends to increase with the copper grade, getting up to 1m at 1.65g/t in 22MERC032, and frequently averaging >0.2g/t Au in the higher-grade core. All reported mineralisation is associated with sulphides. Twenty-seven RC drill holes for 3,463m were drilled at King Solomon Cu-Au prospect in August. Drill holes were drilled to a maximum downhole depth of 208m and an average downhole depth of 127m. The Company has now completed a total of forty-eight holes for 5,110m at King Solomon prospect in 2022. Of the forty-eight drill holes, thirty-two of the drill holes were completed over King Solomon 1, covering a strike length of approximately 710m. King Solomon 2 and 3 prospects are along strike to the SSE of King Solomon 1. Only six of the twenty eight holes drilled in the August program tested IP and geochemical anomalies at King Solomon 2 and 3. Encouragingly broad low grade zones of copper mineralisation were intersected in several holes, along with significant disseminated magnetite and pyrite alteration that may partially explain the IP anomalies and potentially indicate a large IOCG system at depth. Drillhole 22MERC024 intersected 98m at 0.1% Cu from 25m with a higher 37m at 0.2% Cu from 63m associated with disseminated pyrite and magnetite, and hole 22MERC025 located approximately 60m to the south intersected patchy low grade copper mineralisation including 41m at 0.1% Cu from 94m along with disseminated pyrite and magnetite. Hole 22MERC026 testing an IP anomaly intersected a narrow vein of copper mineralisation, 12m at 0.24% Cu from 41m including 1m at 1.4% Cu before entering a zone of strong magnetite alteration coincident with the IP anomaly. Drillhole 22MERC019A intercepted 4m at 1% Cu from 78m including 1m at 3.3% Cu testing beneath a mineralised outcrop and a weak IP anomaly. Assay results are pending from 22MERC044 and 22MERC045. Anuncio • Sep 07
Cooper Metals Limited Announces Completion of RC drilling Program at King Solomon Cu-Au Prospect Cooper Metals Limited reported the completion of the current RC drilling programme at King Solomon Cu-Au prospect, part of the Mt Isa East Copper-Gold Project in northwestern Queensland. Twenty seven RC drill holes for 3,463m were drilled at King Solomon Cu-Au prospect. Drill holeswere drilled to a maximum downhole depth of 208m and an average downhole depth of 127m. The Company has now completed a total of forty-eight holes for 5,110m at King Solomon prospect in 2022. Of the forty-eight drill holes, thirty-two of the drill holes were completed over King Solomon one, covering a strike length of approximately 710m. RC drilling has intersected the copper mineralised host shear zone, identified in the June 2022 maiden drilling program, where mineralisation up to 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016) was intersected at King Solomon one. The current drilling program was expanded from the original plan of twenty holes for 2,000m to further test targets identified during an Induced Polarization (IP) survey in July. The Company has now submitted all the drill samples from the latest drilling program to the Mount Isa laboratory. A total of 1,026 one metre drill samples including quality control samples (duplicates, standards and blanks) were submitted and expect the first assay results in September. The Company also continues to progress drill approval through the regulators for the nearby Python prospect. Anuncio • Aug 24
Cooper Metals Limited Provides an Update on the RC Drilling Progress At King Solomon Cu-Au Prospect Cooper Metals Limited provided an update on the RC drilling progress at King Solomon Cu-Au prospect part of the Mt Isa East Copper-Gold Project in northwestern Queensland. Sixteen RC drill holes of the original twenty planned drill holes have now been completed at King Solomon Cu-Au prospect (Figure 2). RC drilling has intersected the copper mineralised host shear zone, identified in the June 2022 maiden drilling program, where mineralisation up to 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016) was intersected at King Solomon one1. The current drilling program is focussed on extending the copper-gold mineralisation along strike and down dip, and testing new targets identified during an Induced Polarization (IP) survey in July2. The drilling to date continues to intersect the host shear zone outside of the original June drill pattern. The Company has submitted over five hundred one metre drill samples to the laboratory and expects the first assay results in September. The Cooper Board has made the key decision to expand the original drill program by around 50% to continue to follow the host shear zone further along strike and down dip. The Company expects the current program to finish in early September, with the remainder of the drill samples to be priority processed through the laboratory. Anuncio • Aug 11
Cooper Metals Limited (ASX:CPM) entered into a binding Heads of Agreement to acquire EPM19125 at Mt Isa Inlier from Ardmore Resources Limited for AUD 0.25 million. Cooper Metals Limited (ASX:CPM) entered into a binding Heads of Agreement to acquire EPM19125 at Mt Isa Inlier from Ardmore Resources Limited for AUD 0.25 million on August 9, 2022. Under the Acquisition Agreement, Cooper has agreed to pay AUD 0.1 million in cash and AUD 0.15 million of Cooper Metals Ltd shares (being a total of 333,333 shares at a deemed issue price of AUD 0.45 each) (Consideration Shares) as consideration for the Tenement. Settlement of the Acquisition is subject to certain conditions precedent, including
Cooper completing due diligence on the Tenement and Ardmore to its satisfaction (expected to be completed within the next 20 business days). Anuncio • Aug 01
Cooper Metals Limited Announces Drilling Program Underway at Mt Isa East Cu-Au Project Cooper Metals Limited announced the commencement of RC drilling at the King Solomon prospect at the Mt Isa East Copper Gold Project in northwestern Queensland. Highlights: Drilling has commenced at King Solomon testing along strike and down dip of mineralisation intersected in the June maiden drilling program, where down hole intersections included: 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016); and 18m @ 1.8% Cu and 0.11g/t Au from 57m, including 5m @ 5.4% Cu and 0.31g/t Au (22MERC003). Drilling will also test new induced polarisation (IP) anomalies, from the July IP surveys which identified significant additional Au-Cu targets, down dip, adjacent to and along strike from known Cu-Au mineralisation at King Solomon 1, 2 and 3, suggesting a much larger mineralised system than previously indicated. Around twenty holes for 2000m of RC drilling is planned over the next few weeks with assays reported as soon as they are available. Drill Program Overview Approximately twenty reverse circulation (RC) drill holes for 2000m is planned, testing new IP targets at King Solomon. Drilling will focus on the first 150m from surface to determine the potential strike length and depth continuation at King Solomon. Next Steps Complete drilling at King Solomon, fast track assays for interpretation. Anuncio • Jul 12
Cooper Metals Limited Identifies New Targets At King Solomon Cu-Au Prospect Cooper Metals Limited announced the results for an induced polarization (IP) survey at King Solomon copper gold prospect and the RC drilling results for King Solomon 2 and 3 at the Mt Isa East Copper Gold Project in northwestern Queensland. King Solomon IP Survey: After the recent success of the maiden RC drilling program at King Solomon where the Company intersected significant copper and gold mineralisation1, the Company have now completed an induced polarization (IP) survey over the whole King Solomon prospect. Results from an IP survey have confirmed a strong chargeability anomaly coincident with known mineralisation recently defined by RC drilling at King Solomon. Encouragingly the IP survey has also identified several chargeability anomalies that have the potential to significantly increase the mineralised footprint at King Solomon. King Solomon 1 IP Results The IP survey has mapped a chargeability anomaly coincident with the mineralisation defined in Cooper's recent RC drilling. The survey also identified a chargeability anomaly along strike to the northwest and a separate anomaly to the east of the current drilling that represent excellent drill targets. The northwestern IP chargeability anomaly is approximately 150 m long, and the eastern anomaly is 100 m long compared to the King Solomon 1 anomaly covered partially by drilling is 430m long and remains open at depth and along strike. One dipole-dipole induced polarization (DDIP) line (70850N) identified a strong chargeability anomaly in the vicinity of hole 22MERC016, which intercepted 17m @ 2.2% Cu, including 8m @ 4.3% Cu from 84m1. This provides confidence that the IP survey is mapping mineralisation and that it extends at depth and up dip towards surface. King Solomon 2 and 3 IP and RC drilling results Mineralised outcropping rocks disappear under cover at the southern end of King Solomon 1 and reappear some 260m to the SSE at King Solomon 2. Mineralised outcrop and scattered workings extend for approximately 400m at King Solomon 2 and 3 with the larger pit at King Solomon 3 which is approximately 60m long by 10m wide and 15m deep. The IP survey indicates a complicated but very promising picture at King Solomon 2 and 3 and may explain why several of the drill holes intersected only minor copper mineralisation with the most prospective areas yet to be drill tested. In total nine RC holes were drilled at King Solomon 2 and 3 along a NNW strike approximately 70m apart, with infill to 50m. Drilling was conducted prior the IP survey and was designed to test under mineralised outcrop and historical workings. The two best drill holes 22MERC011 and 22MERC012 intersected the IP anomaly while the other seven were outside of the IP anomaly. The historical workings appear to have targeted shallow copper oxide material that may have been remobilized in the weathered environment into topographic low adjacent to the primary mineralisation at depth. The IP survey identified two strong chargeability anomalies adjacent and offset from each other that weaken towards the south. The two anomalies include; a strong NNW trending chargeability anomaly extending for over 250m along strike that is untested by the current drilling; however, the IP anomaly is supported by Coopers rock chip sampling, and a chargeability anomaly trending in a NNE strike direction for over 250m, which was partially intercepted by the recent RC drilling. Hole 22MERC011 originally testing under mineralised outcrop has clipped the IP anomaly at a high angle and intersected 18m @ 1.4% Cu and 0.03g/t Au from 42m including 7m @ 2.1% Cu from 43m and 3m @ 2.4% Cu from 56m (22MERC011). Hole 22MERC012 also clipped the edge of the IP anomaly and intersected 11m @ 0.3% Cu from 51m including 1m @ 1.2% Cu. The bulk of the IP anomaly is untested by drilling. Holes that intersected part of the IP anomaly 2; 18m @ 1.4% Cu and 0.03g/t Au from 42m including 7m @ 2.1% Cu from 43m and 3m @ 2.4% Cu from 56m (22MERC011); 11m @ 0.3% Cu from 51m including 1m @ 1.2% Cu (22MERC012). Holes outside of the IP anomaly but within shallow remobilized oxide zone; 13m @ 0.3% Cu from 4m including 1m @ 1.5% Cu (22MERC013); 7m @ 0.7% Cu from 49m including 3m @ 1.4% Cu (22MERC014); 13m @ 0.3% Cu from 37m including 1m @ 1.3% Cu (22MERC017); 2m @ 0.2% Cu from 59m (22MERC019). The IP survey has completely changed the interpretation at King Solomon 2 and 3 mineralisation potential, providing new robust drill targets adjacent to the current workings. Drill planning is well underway to test the new IP chargeability anomalies. Anuncio • Jul 01
Cooper Metals Limited Announces Multiple VTEM Conductors Identified At Mt Isa East Cu-Au Project Cooper Metals Limited announced the preliminary results of the Versatile Time-Domain Electromagnetic (VTEM) survey over a significant portion of the Mt Isa East Project in northwestern Queensland. As part of the Company's strategy to rapidly screen the area for new copper-gold targets, a VTEM survey was completed in June this year covering over 240sqkm and 1,460-line kilometers focusing on the prospective Mary Kathleen Domain that hosts Carnaby's Nil Desperandum and Lady Fanny Deposits. The VTEM survey also covers an area in the southwest of Cooper's tenure that hosts several historical Cu-Au prospects including Big Bill, Wonder mine and Blue Mantle mine. The detailed heliborne survey was flown by UTS Geophysics at 300m line spacing in an eastwest orientation and an average sensor height of approximately 45m. The VTEM survey has identified several potential bedrock conductors that may be prospective for copper-sulphide mineralization. While VTEM is a powerful first-pass tool for the identification of potential copper-gold mineralization, it is most effective on iron-sulphide dominated copper-gold deposits (ISCG), which are more likely to conduct an electromagnetic current compared to iron-oxide copper gold (IOCG) mineralization. Other geological factors such as the presence of black shale, pyrrhotite and graphitic rocks can produce VTEM anomalies. The survey was completed in three separate blocks, with multiple anomalies identified by Cooper's consultant geophysicist in Blocks 1 and 2. Desktop ranking and prioritizing the anomalies for ground truthing has now been completed. Ground truthing has commenced to further rank targets for follow up geochemistry and/or ground geophysics ahead of potential drill testing. In 2016, the Qld Government commissioned a VTEM survey at a broad 2km line spacing. Reprocessing of the government data by Cooper's consultant geophysicist led to the identification of a VTEM anomaly near the Python Cu-Au prospect which was subsequently confirmed by a fixed- loop electromagnetic survey (FLEM) in March this year. Significantly the new VTEM survey has extended the Python conductor to the northwest, doubling the original length of the conductor to approximately 700m and an additional parallel VTEM anomaly of approximately 500m long has been identified just 250m to the northeast. There are several more subtle VTEM responses identified throughout Block 1, some of which are within favorable lithologies and structural positions for the formation of ISCG mineralization. In contrast, the VTEM survey did not define any bedrock anomalies over the King Solomon prospect, which based on recent drilling is consistent with the IOCG style mineralization discovered there. Cooper's recent RC drilling intersected significant shallow copper mineralization including 17m @ 2.2% Cu from 84m including 8m @ 4.3%(22MERC016)2 at King Solomon. The copper-gold mineralization is hosted in a quartz-carbonate rich rock with peripheral "red rock" alteration typical of IOCG mineralization. Block 2 covers Cooper's eastern tenement, which has very little previous exploration. There are several VTEM anomalies of interest, with many coincident with regional structures that may have been important for hosting Cu-Au mineralization. A strong conductor in the northern portion of the block is approximately 600m long and located at the confluence of two significant faults hosted within Argylla Formation rocks. This formation also hosts Carnaby Resources Ltd. Lady Fanny and Nil Desperandum Cu-Au deposits located some 30km to the south of the Block 2 survey area. Several other conductors also hosted in the Argylla Formation and Leichardt Volcanics were identified in the southwestern portion of Block 2 adjacent to a major northwesterly trending fault. Next Steps: Ground truth newly identified VTEM conductors, rank and prioritize follow-up ground geochemistry and geophysics ahead of drill testing. Anuncio • Jun 24
Cooper Metals Limited Announces Significant Shallow Copper Mineralisation Discovered At King Solomon Cooper Metals Limited announced the intersection of significant shallow copper mineralisation at King Solomon copper-gold prospect near Mount Isa and the company announced the assay results for the King Solomon 1 copper gold prospect from the recent maiden RC drilling program at the Mt Isa East Copper Gold Project in northwestern Queensland. King Solomon 1 RC drilling results Twelve RC drill holes were drilled at variable spacing along a NNW trending strike approximately 80m apart, with infill down to 25m along strike. RC drilling intersected significant shallow copper (Cu) mineralisation in eight of the drill holes including: 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016)*; 18m @ 1.8% Cu and 0.11g/t Au from 57m, including 5m @ 5.4% Cu and 0.31g/t Au (22MERC003); 7m @ 1.5% Cu & 0.11 g/t Au from 40m including 2m @ 3.5% Cu & 0.28 g/t Au (22MERC004); 17m @ 1.0% Cu & 0.04g/t Au from 31m including 5m @ 2.6% Cu & 0.12g/t Au (22MERC005); 12m @ 1.0% Cu from 50m including 5m @ 2.2% Cu & 0.13 g/t Au (22MERC007); 13m @ 1.0% Cu from 37m including 5m @ 2.3% Cu and 0.12g/t Au, and 2m @ 1.1% Cu from 73m (22MERC008); 19m @ 0.4% Cu from 108m including 2m @ 1.2% Cu from 113m (22MERC015); 2m @ 1.3% Cu from 44m (22MERC021). RC drilling has outlined at shallow depths, a well-developed NNW trending sub-vertical to steeply dipping structural zone of copper and gold mineralisation potentially continuous over a strike length of approximately 380m, down to a maximum depth of approximately 100m (indicated in hole 22MERC015). High grade (> 2% Cu) mineralised lenses are contained within low-grade halo (>0.2%) and is consistent with the locations of the historical workings. The high-grade mineralisation is hosted within sheared siltstones of the Corella Formation and is associated with quartz-carbonate alteration. The low-grade mineralised envelope (>0.2% Cu) varies in downhole thickness (~6 to 19m) and often has peripheral albite, hematite to magnetite red rock alteration typical of some IOCG deposits. The gold grade tends to increase with the copper grade. All reported mineralisation is associated with sulphides. Copper and gold mineralisation is likely to extend to the SSE as historical workings continue for approximately 80m. Hole 22MERC009 failed to reach target depth due to difficult drilling conditions and the areas will be drill tested in the next drilling round. Further to the SSE the lack of outcrop between King Solomon 1 and King Solomon 2, some 300m along strike remains an important drill target for potential extension to the mineralisation. Holes 22MERC006, and 22MERC020 appear to have missed the target and will require infill drilling to confirm grade continuity. Next Steps: Finalise interpretation and report assay results for King Solomon 2 and 3. Finalise drill approvals ahead of drill testing at Python and conduct follow-up drilling at King Solomon prospect. Anuncio • May 30
Cooper Metals Limited Announces the Completion of the Maiden RC Drilling Program At King Solomon Prospect and the Commencement of Versatile Time Domain Electromagnetic Survey At the Mt Isa East Copper Gold Project in Northwestern Queensland Cooper Metals Limited announced the completion of the maiden RC drilling program at King Solomon prospect and the commencement of Versatile Time Domain Electromagnetic Survey (VTEM) at the Mt Isa East Copper Gold Project in northwestern Queensland. This overview of the drilling is preliminary in nature based on incomplete information and will be updated once laboratory assays are received in June or July. Twenty-one holes for 1,665m of RC drilling were completed at King Solomon prospect, drilling under historical workings and testing the higher amplitude FLEM responses along the 1.2km long mineralised trend. The drilling has confirmed the presence of a well-developed steeply dipping zone of trace to disseminated sulphide mineralisation and alteration along the target structure, co-incident with the line of historical open-pit workings. The sulphide mineralisation ranged from trace, to disseminated and up to semi-massive in one hole (22MERC016). Sulphide mineralisation is dominantly hosted in sheared siltstones of the Corella Formation and associated with quartz-carbonate alteration. The visible sulphide mineralisation thickness pinches and swells along the King Solomon trend and at this stage the continuity and grade of copper and gold mineralisation is unknown. Drill holes were spaced at intervals along the projected strike at around 80m, with some infill holes to 25m and 40m at King Solomon 1 and King Solomon 3 respectively. The drill holes were generally shallow, ranging from 51m to 141m long. Hole 22MERC016 contained one of the most significant intercepts of the program with seven metres of visual sulphide from 85m (Plate 2). Four hundred and fifty, one metre RC drilling samples (including QA/QC samples) taken from sixteen drill holes, were submitted to Australian Laboratory Services in Mount Isa. The samples will be analysed for a suite of elements including copper and gold. One metre samples were selected by a geologist for laboratory analysis based on the observed geology in the drill chips and guided by a portable XRF machine, where copper was measured at >1000ppm. Samples immediately above and below the mineralised horizon were also selected for analysis. Python Prospect: Regulatory drill approval (Environmental Authority) for the Python prospect is still in progress, hence the Company expanded the first pass program at King Solomon to gain better drill coverage. Drilling at Python will commence when approvals are all in place. Next Steps: Obtain assays results from King Solomon drilling and interpret. Finalise drill approvals ahead of drill testing at Python. Conduct follow-up drilling at King Solomon and Python prospects. Complete VTEM survey, then ground truth and rank targets. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 26
Cooper Metals Limited Provides an Exploration Update for the Mt Isa East Copper Gold Project in Northwestern Queensland Cooper Metals Limited provided an exploration update for the Mt Isa East Copper Gold Project in northwestern Queensland. To recap, a single FLEM survey loop completed over Python prospect has identified a robust conductor at the northeastern end of the prospect approximately 500m from known copper mineralisation and historical workings. The conductor has been remodeled as a shallow southeasterly plunging body approximately 320m long and 100m down dip, projecting back to within 10m of surface. Further modelling indicates that the conductor dips moderately to the northeast. The conductor is coincident with a significant northwesterly trending fault that may have been important in hosting copper mineralisation. Ground checking of the modelled conductor in March by Cooper geologists identified iron oxide rich gossanous rock in metasediments of the Corella Formation and importantly rock sample MER063 returned anomalous metals including 696ppm Cu, 47ppb gold and 0.14% sulphur (Plate 1). The FLEM response indicates the conductor commences approximately 10m below surface, so any copper anomalism at surface is very encouraging. The conductor presents a logistically challenging target, with the drill access limited by steep terrain. Cooper is working with government regulators to finalise drilling approval ahead of the planned drilling in May. To recap, two FLEM loops were used to cover ~1.2km length of mineralised trend, as defined from historical workings and surface geochemistry. Encouragingly the FLEM has mapped an early time conductive response coincident with the Cu-Au mineralised trend, which may represent locally thicker regolith possibly due to preferential weathering over sulphides, structures or host lithology. Further recent modelling has identified slightly higher amplitude response along the mineralized trend possibly reflecting some preferential characteristics of the underlying geology, possibly local weathering over more-sulphide rich zones, or more extensively altered part of the structure. Additionally, there is a FLEM early time response possibly associated with a major lithological contact just to the west of King Solomon workings, which could be a preferential site for copper mineralisation. Drill testing the old workings, higher amplitude FLEM responses along the mineralised trend and the lithological contact will be completed during the program. Regulatory drill approval (Environmental Authority) is in place for most of the King Solomon prospect, with the rest over King Solomon 3 expected sometime in May. Drilling will commence at King Solomon 1 and 2 first and then move to King Solomon 3 and Python subject to final regulatory approval. Initial field reconnaissance on new tenement (EPM27537) which Cooper is in the process of acquiring from Nuclear Energy Pty Ltd. has returned rock chip samples up to 4.45% Cu and 0.14g/t Au from sample MER072 taken from a gossanous limestone outcrop at the Clare prospect. Cooper geologists found shallow workings with supergene copper mineralisation. A sample from one small pit returned 1.23% Cu and anomalous Au (MER070) (Plate 1). Other rock chip samples taken from the area include an iron oxide gossan mapped over 50m of strike extent which returned anomalous copper up to 4330ppm (MER068) (Plate 2). To recap, the new tenement has known historical Cu-Au prospects and covers the north-westerly extension to the Patricia Albert Trend, where Cooper previously announced rock chips assays up to 7.96g/t Au1 at the Company's Mt Albert Prospect. The Queensland government GeoResGlobe records five Cu-Au prospects within the tenure including Scorpion Cu- Au prospect, which is described as 45m long, 4m wide, and 8-10m deep, and Magna Lynn Cu prospect which is 140m long, 4.5m wide, and > 6m deep. These prospects will be subject to further investigation by Cooper Metals as a priority upon completion of the acquisition. As part of the Company's strategy to rapidly screen the area for new copper-gold targets, a VTEM survey commencing in mid-May 2022 will cover a large area of approximately 240sqkm and 1460- line kilometers. The heliborne detailed survey will be flown at 300m line spacing in an east-west orientation. The survey is designed to identify any bedrock conductors that may represent copper sulphide mineralisation. The VTEM survey focuses on Cooper's eastern tenure over the prospective Mary Kathleen Domain that hosts Carnaby's Nil Desperandum and Lady Fanny Deposits. The VTEM survey will also trial an area in the southwest of Cooper's tenure that hosts several historical Cu-Au prospects including Big Bill, Wonder mine and Blue Mantle mine. Once the survey is completed any conductors will be ground checked and ranked for further exploration work including ground-based geophysics, geochemistry and drill testing. Anuncio • Mar 31
Cooper Metals Limited Announces Start of Infill Sampling and Extension to Regional Geochemical Soil Sampling Program at Gooroo Project in Western Australia Cooper Metals Limited announced the start of infill sampling and extension to the regional geochemical soil sampling program at the Gooroo Project in Western Australia. The Gooroo Project is located approximately 413 km north of Perth in the Gullewa Greenstone Belt, Murchison Province, Yilgarn Craton. Nearby projects include Silver Lake Resources Limited's Deflector mine and explorer, Recharge Metals Ltd. which recently announced significant copper mineralisation at the Brandy Hill South Project adjacent to Cooper's Gooroo Project. Regional Soil Geochemistry: Cooper is targeting Orogenic Au and Cu-Au mineralisation in the highly prospective Gullewa Greenstone Belt in the Murchison Province of the Yilgarn Craton. Cooper's regional soil sampling program focused on an area of outcropping to thinly covered greenstones in the less explored southern limb of the Gullewa syncline in the north-western portion of the Project area. The infill geochemical program will focus on three main areas of gold anomalism found in potentially favourable structural trap sites such as the Gullewa syncline fold nose and proximal to significant regional faults interpreted from the aeromagnetic data. The gold anomalism is open to the southeast, close to a zone of interpreted structural complexity, comprising the intersection of three significant faults that may have acted as an important plumbing mechanism for gold mineralisation. Next steps: once the soil sampling is completed, and subject to the final results, the Company aims to conduct drill testing to find the source of the gold anomalism. Anuncio • Mar 04
Cooper Metals Limited Announces the Preliminary Results of the Fixed Loop Electromagnetic Survey (Flem) At the Python and King Solomon Cu-Au Prospects Located At Mt Isa East Project in Northwestern Queensland Cooper Metals Limited announced the preliminary results of the fixed loop electromagnetic survey (FLEM) at the Python and King Solomon Cu-Au Prospects located at Mt Isa East Project in northwestern Queensland. Geophysical Program Rationale and Details; Copper-gold (Cu-Au) mineralisation at the Python and King Solomon Prospects is hosted in mixed siltstones, sandstones, and limestone of the Corella Formation. Both prospects have extensive historical workings in the form of shafts and small open pits, significantly without any recorded drill testing. The geophysical program comprised two separate survey blocks over each prospect with each block consisting of several traverses of three-component FLEM. The high-powered FLEM survey is the first of this type conducted on these historical prospects and was designed to identify the presence of conductive anomalies under the old workings that may indicate the presence ofcopper sulphide mineralisation at depth. Python Cu Prospect; A single FLEM survey loop completed over Python prospect has identified a robust conductor at the northeastern end of the prospect approximately 500m from known copper mineralisation and historical workings (Figure 4). The conductor was modelled as a shallow southeasterly plunging body approximately 420m long and 100m down dip, projecting back to the surface. The conductor is coincident with a significant northwesterly trending fault that may have been important in hosting copper mineralisation. Encouragingly, the FLEM conductor is coincident with an airborne Versatile Time Domain Electromagnetic (VTEM) anomaly identified by Cooper's consultant geophysicist from a publicly available regional VTEM survey commissioned by the Queensland Government in 2016. This proof of concept bodes well for other VTEM anomalies that have already been identified in Cooper's tenure. There are no known workings or surface geochemistry in the vicinity of the Python FLEM conductor. The modelled conductor identified in the FLEM survey provides Copper with a robust drill target that will be drill tested as soon as the necessary approvals and arrangements have been made. The historical workings at Python (which are offset 500m from the new FLEM anomaly) did not resolve any conductor responses, which suggests a disseminated style of mineralisation or lack of conductive sulphides. The historical workings will be further tested as part of the broader drill program planned at Python. Anuncio • Feb 08
Cooper Metals Limited Reports the Continuation of Very Encouraging Assay Results from Follow Up Reconnaissance Rock Chip Geochemical Sampling During A Recent Field Trip to the Mt Isa East Project in Northwest Queensland Cooper Metals Limited reported the continuation of very encouraging assay results from follow up reconnaissance rock chip geochemical sampling during a recent field trip to the Mt Isa East Project in northwest Queensland. Cooper has recently commenced exploring for Cu-Au mineralisation at the Mt Isa East Project. The Project area covers part of the Mary Kathleen Domain within the world class Mt Isa Inlier that also hosts Carnaby Resources (ASX:CNB) Nil Desperandum and Lady Fanny prospects located just 10km southeast of Cooper's tenure. After the success of Cooper's initial reconnaissance geochemical program announced late last year, where samples up to 35.3% Cu were returned from Python prospect2, results from follow-up sampling at several prospects including Python, King Solomon, Yarraman and Prince Albert Trend have been received. An additional eighteen rock chip samples were collected from historical workings and/or selected outcrops which contained visual evidence of copper mineralisation or appeared gossanous in nature. The reconnaissance field trip focussed on the northeast portion of the Project (Figure 1). The results extend mineralisation at Python and King Solomon and re-affirm Cooper's positive view of the area, highlighting the prospectivity of the Mt Isa East Project for Cu-Au deposit potential. A summary of key results appears below: At the King Solomon Prospect, several old (artisanal) copper workings strike over a length of 1.5km within the lower Corella Formation close to the contact with the underlying Ballara Quartzite (Figure 2). Past production from the King Solomon Group is quoted as producing 894 tonnes at 5.3% Cu with a further 2,195 tonnes of cupriferous limestone flux at 2.3% Cu1. Historical mining focused on copper oxide and native copper from three main locations along strike, King Solomon 1, 2 and 3 (Figure 2). The initial reconnaissance sampling at King Solomon by Cooper collected rock chip samples focussing along the King Solomon line of workings, returning Cu assays ranging from 0.71% to 16.65% Cu2. The current sampling results supports minimal historical rock chip sampling at the King Solomon prospect completed in 2014 by Chinalco, that also returned significant Cu and Au values, with the best results; 1.74g/t Au from rock chip sample 411839 and 20.9% Cu from 411843 (King Solomon 3) (Figure 2). Anuncio • Jan 24
Cooper Metals Limited Starts Fixed Loop Electromagnetic Survey Cooper Metals Limited announced the start of fixed loop electromagnetic survey (FLEM) at the Python and King Solomon Cu-Au Prospects located at Mt Isa East Project in northwestern Queensland. Geophysical Program Rationale and Details: Cu-Au mineralization at the Python and King Solomon Prospects is hosted in mixed siltstones, sandstones and limestone of the Corella Formation. Both Prospects have extensive historical workings in the form of shafts and small open pits, significantly without any recorded drill testing. The geophysical program comprises two separate survey blocks over each prospect with each block consisting of a number of traverses of three component FLEM. The high powered FLEM survey is the first of this type conducted on these historical prospects and is designed to identify the presence of conductive anomalies under the old workings that may indicate the presence of copper sulphide mineralisation at depth. The program will take around two weeks barring any weather-related delays. Company's exploration strategy is to apply modern exploration to new and historical Cu-Au targets, in known mineralized terrains that have had very limited previous drill testing. This strategy is working well elsewhere in the district with recent significant discoveries by Carnaby Resources at their Nil Desperandum and Lady Fanny Prospects. Anuncio • Jan 20
Cooper Metals Limited (ASX:CPM) entered into a binding term sheet to acquire 85% stake in EPM28087 from Revolution Mining Pty Ltd. Cooper Metals Limited (ASX:CPM) entered into a binding term sheet to acquire 85% stake in EPM28087 from Revolution Mining Pty Ltd for AUD 0.07 million on January 20, 2022. Under the acquisition, Cooper will be paying the consideration in cash and will reimburse Revolution Mining for all regulatory costs incurred in procuring the grant of the EPM28087. The acquisition was approved by the Board of Directors of Cooper Metals. Settlement of the acquisition is subject to certain conditions precedent, including Cooper completing due diligence on EPM28087 to its satisfaction and EPM28087 being granted to Revolution Mining. Anuncio • Dec 09
Cooper Metals Reports Remainder of the Assay Results Cooper Metals Limited reported the remainder of the assay results, from the initial reconnaissance rock chip geochemical sampling program, carried out at the Mt Isa East Project in northwest Queensland. Cooper is targeting Cu-Au mineralisation in the highly prospective Mt Isa Inlier. Forty-two rock chip samples were collected from historical workings and/or selected outcrops, which contained visual evidence of Cu mineralisation or appeared gossanous in nature. The reconnaissance field trip focussed on two main areas in the northeast and southwest of the Project. Results for the northeast were released to the ASX in early December with rock chip results up to 35.3% Cu and7.96g/t Au1. Geochemical results for the southwest Project area have now been received and processed with significant Cu +/- Au mineralisation returned in rock chip sampling from several of the priority prospects. The southwest Project area includes several old Cu - Au workings including the Wonder Mine, Mount Mavis, Blue Mantle Mine and the Big Hill Mine. Most of the prospects are located on significant faults and shear zones developed along the contact between lithological units. The recent results continue to highlight the high prospectivity of the Mt Isa East Project for Cu-Au deposit potential. Anuncio • Dec 08
Cooper Metals Limited Announces the Start of Geochemical Soil Sampling Program At the Gooroo Project in Western Australia Cooper Metals Limited announced the start of geochemical soil sampling program at the Gooroo Project in Western Australia. The Gooroo Project is located approximately 413 km north of Perth. Nearby mining projects includeSilver Lake Resources Limited (ASX: SLR) Deflector mine with ~ 1.27 Moz Au @ 13.5 g/t & 3 Mt @ 0.8% Cu)2. Cooper is targeting Orogenic Au and Cu-Au mineralisation (Deflector style) in the highly prospective Gullewa Greenstone Belt in the Murchison Province of the Yilgarn craton. The area also has potential for Volcanic Massive Sulphide (VMS) deposits. The greenstone sequences at Gullewa comprise a package of felsic to mafic volcanics, exhalative cherts and fine to coarse grain sediments typical of VMS terrains such as those that host golden Grove VMS deposit approximately 60km to the east. The regional soil sampling program spaced on a 200m by 200m grid will focus on an area of outcropping to thinly covered greenstones in the north-western portion of the Project area. Previous exploration in the area has focussed on the northern and central portion of the Gullewa greenstone belt resulting in the discovery of several Au and Deflector Cu-Au deposit. In 2020, the Geological Survey of Western Australia (GSWA) released the latest edition of the 1:500,000 State interpreted bedrock geology of Western Australia, including a re-interpretation of the southern margin of the Gullewa synform which interprets the greenstone-granite contact 4-5 km further south. Most of the greenstone at Gooroo is obscured by cover sequences and remains underexplored. Demonstrates the lack of drilling in the Gooroo Project area and hence the potential for new discoveries. Cooper will complete the regional geochemistry program over the next two weeks and once results are received follow up any anomalies identified. There are also plans to extend the grid undercover with auger drilling once the necessary regulatory approvals have been obtained. Board Change • Oct 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 