Announcement • Mar 17
Culpeo Minerals Limited, Annual General Meeting, May 07, 2026 Culpeo Minerals Limited, Annual General Meeting, May 07, 2026. Location: 31-33 cliff street, fremantle wa 6160 Australia Announcement • Feb 04
Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 130,165,483
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,561,790
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Transaction Features: Subsequent Direct Listing New Risk • Dec 17
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 19% 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 (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (196% increase in shares outstanding). Revenue is less than US$1m (AU$11k revenue, or US$7.1k). Market cap is less than US$10m (AU$9.11m market cap, or US$6.05m). New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 143% 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 Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (143% increase in shares outstanding). Revenue is less than US$1m (AU$11k revenue, or US$6.9k). Market cap is less than US$10m (AU$6.77m market cap, or US$4.37m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Jul 11
Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.035 million. Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.035 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 249,209,445
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,290,555
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 03
Culpeo Minerals Limited Announces Appointment of Michaela Stanton-Cook as Joint Company Secretary Culpeo Minerals Limited advised that Ms. Michaela Stanton-Cook has been appointed as Joint Company Secretary of the Company. Ms. Stanton-Cook is a Chartered Secretary with national governance service provider, Source Governance, and is experienced in providing company secretarial and corporate advisory services to ASX listed and private companies across various industries. Michaela is a qualified lawyer and member of the Governance Institute of Australia. Announcement • May 09
Culpeo Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.025 million. Culpeo Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.025 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 248,209,445
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,290,555
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 29
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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$11k revenue, or US$6.7k). Market cap is less than US$10m (AU$2.86m market cap, or US$1.80m). New Risk • Jan 24
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 17% 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 (17% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (AU$7.4k revenue, or US$4.7k). Market cap is less than US$10m (AU$4.61m market cap, or US$2.91m). Announcement • Nov 29
Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.15 million. Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,250,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,500,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing New Risk • Nov 28
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 Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Revenue is less than US$1m (AU$7.4k revenue, or US$4.8k). Market cap is less than US$10m (AU$4.94m market cap, or US$3.21m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Aug 26
Culpeo Minerals Limited, Annual General Meeting, Oct 16, 2024 Culpeo Minerals Limited, Annual General Meeting, Oct 16, 2024. Location: at 31-33 cliff street, fremantle wa 6160., Australia Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Paul Schmiede was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 01
Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.70989 million. Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.70989 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,498,163
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Feb 08
Culpeo Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.70989 million. Culpeo Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.70989 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,498,163
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 20
Culpeo Minerals Limited Announces Change of Chief Financial Officer Culpeo Minerals Limited advised the appointment of Graeme Morissey as Chief Financial Officer of the Company, effective 20 NOVEMBER 2023, following the resignation of Ms Pennee Osmond. Mr. Morissey has held Director-level roles in the audit divisions of global accounting firms EY, KPMG and Grant Thornton. He has over 15 years' direct experience in servicing clients within the mining exploration and development sector. This includes specific expertise extending across compliance with the Australian Securities Exchange (ASX), the Australian Accounting Standards Board, the Corporations Act 2001 (Cth) and Department of Mines regulation. Mr. Morissey has also consulted directly to CFOs within the Australian mining sector, which has included services to assist management to optimise internal reporting processes, cash management and cashflow forecasting. His clients have included gold production companiesWestgold and Ora Banda. Mr. Morissey is a Chartered Accountant (CA), a Fellow of the Governance Institute of Australia (FGIA) and a member of the Australian Institute of Company Directors (MAICD). He holds a Bachelor of Commerce from McMaster University in Canada. Announcement • Nov 02
Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.231 million. Culpeo Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,376,962
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,343,750
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,748,038
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Oct 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$6.7k revenue, or US$4.2k). Market cap is less than US$10m (AU$3.65m market cap, or US$2.31m). Announcement • Sep 21
Culpeo Minerals Limited, Annual General Meeting, Nov 09, 2023 Culpeo Minerals Limited, Annual General Meeting, Nov 09, 2023, at 10:00 W. Australia Standard Time. New Risk • Sep 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$5.1m free cash flow). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$3.6k revenue, or US$2.3k). Market cap is less than US$10m (AU$3.49m market cap, or US$2.24m). Announcement • Feb 08
Culpeo Minerals Limited Announces High Impact Litho-Geochemical Sampling Program Has Been Initiated at the Expanded Lana Corina Copper-Molybdenum Project in Chile Culpeo Minerals Limited announced that a high impact litho-geochemical sampling program has been initiated at the expanded Lana Corina Copper-Molybdenum Project (the "Project") in Chile. This work is designed to identify highly prospective, copper bearing, surface breccia, alteration, geochemical and structural targets for drill testing. Litho-Geochemical Sampling Program: The litho-geochemical sampling program will cover the >3km prospectivity corridor identified at Lana Corina in areas that have not been previously sampled, and will provide valuable data on the underlying geology, as well as the potential for copper and molybdenum mineralisation. In these areas particularly, the integration of broad spaced soil sampling multi-element geochemistry with results from the ground magnetic survey will be critical for identifying target areas for drilling. Samples will be taken on a 50 x 100m grid consisting of approximately 260 samples. The samples will be analysed for a suite of 50 elements. Results are expected to be received in 4 to 6 weeks. Multi-element pathfinder geochemistry will be utilized to characterise the regional targets identified and assist target generation for the next phase of drilling at the Project. Lana Corina Copper-Molybdenum Project: Lana Corina is located in the coastal belt, Coquimbo region of Chile, approximately 350km north of Santiago. The Project area is close to existing infrastructure with good road access and a high voltage power line approximately 7km to the east. The project is in a prolific copper belt hosting multiple major deposits including Los Pelambres (6.1Bt @ 0.51% Cu, 0.016% Mo and 0.06g/t Au3), Andacollo (250 Mt @ 0.62% Cu and 0.25g/t Au4) and El Espino (123Mt @ 0.66% Cu and 0.24g/t Au5). Lana Corina is associated within a structural zone oriented in a northeast-southwest direction with >3km of strike and up to 400m width. High grade copper mineralisation at Lana Corina is associated with four known breccia pipes occurring in the upper levels of a large copper bearing porphyry hosted mineralised system. The high-grade mineralisation identified to date outcrops at surface and extends to a vertical depth of >700m. Recently completed drilling at the project has returned significant intersections that include a high-grade Molybdenum zone: 104m @ 0.74% Cu & 73ppm Mo (0.81% CuEq) in CMLCD001 from 155m4; 257m @ 0.95% Cu & 81ppm Mo (1.10% CuEq) in CMLCD002 from 170m5; 173m @ 1.05% Cu & 50ppm Mo (1.09% CuEq) in CMLCD003 from 313m6; 81m @ 1.06% Cu & 145ppm Mo (1.16% CuEq) in CMLCD005 from 302.1m; 113m @ 0.60% Cu & 122ppm Mo (0.68% CuEq) in CMLCD009 from 331m; 169m @ 1.08% Cu and 225ppm Mo (1.21% CuEq) in CMLCD010 from 239m and 72m @ 0.85% Cu and 25ppm Mo (0.91% CuEq) in CMLCD013 from 352m10 with, High-grade molybdenum zone confirmed at depth and extended 700m down plunge: 35m @ 1,704ppm Mo (0.84% CuEq) (570-605m), including: 4m @ 8,845ppm Mo (3.48% CuEq) (589-593m); and 1m@ 15,000ppm Mo (6.09% CuEq) (591-592m). Prospectivity modelling has identified multiple target areas in the north-east sector of the Lana Corina Project area extending the potential mineralised corridor to >3km strike length. This work indicates significant regional potential for further copper discoveries and provides the Company with a pipeline of high priority drill targets similar in size to the Lana Corina copper mineralised zone where drilling has been focused to date. In addition, mapping of the north-west sector has identified significant surface mineralisation and historic small scale mine workings where geochemical sampling is now underway. The excellent results of Culpeo's drilling programs and prospectivity modeling continue to strongly support the Company's exploration model of a substantial fertile magma chamber driving the near surface high-grade mineralisation. Announcement • Jan 17
Culpeo Minerals Limited Confirms Significant New Copper and Molybdenum Drill Results At Its Lana Corina Project Culpeo Minerals Limited confirmed significant new copper and molybdenum drill results at its Lana Corina Project (the "Project") in Chile. Prospectivity modelling has identified multiple target areas in the north-east sector of the Lana Corina Project area extending the potential mineralised corridor to >3km strike length. This work indicates significant regional potential for further copper discoveries and provides the Company with a pipeline of high priority drill targets similar in size to the Lana Corina copper mineralised zone where drilling has been focused to date. In addition, mapping of the north-west sector has identified significant surface mineralisation and historic small scale mine workings and follow up geochemical sampling is now being planned. Four holes of the Phase 2 drilling program at the Lana Corina Project have now been completed and assay results have been received for CMLCD011, CMLCD012 and CMLCD013. Significant downhole intersections include: These results complement the exceptional result returned from the first hole of the drilling program (CMLCD010) where a significant high-grade intersection of 169m @ 1.08% Cu and 225ppm Mo (1.21% CuEq) was returned from 239m downhole, refer ASX announcement 23rd November 2022. Hole CMLCD013 was drilled from north-east to southwest targeting extensions to the north and also at depth. Multiple zones of mineralisation >0.20% CuEq were returned, including 72m @ 0.91% CuEq from 352m, and significantly the hole has extended mineralisation which remains open to the north and at depth. Hole CMLCD013 has encountered a mineralised porphyry deeper in the system suggesting a much larger exploration target may exist. The high-grade molybdenum mineralisation previously encountered in CMLCD003 was also intersected in the recent drilling and returned an encouraging downhole interval of 35m @ 1,704ppm Mo (0.84% CuEq) (570-605m). Within this zone a 4 metre wide zone of exceptionally high-grade molybdenum mineralisation was intersected where assays results returned grades of over 15,000ppm Mo (6.09% CuEq) (591-592m). CMLCD011 was drilled 100m south of the main Lana Corina mineralised system and assay results returned 100m @ 0.38% CuEq (334-434m) which is coincident with the recently identified T10 geophysical anomaly and in an area where historic drilling had intersected 207m @ 0.41% Cu and 124ppm Mo (0.46% CuEq) in drillhole LCD-13. Announcement • Nov 23
Culpeo Minerals Limited Announces Drilling at Lana Corina Intersects 169m at 1.08% Cu Including Grades of Up to 3.56% Cu and 8,470ppm Mo Culpeo Minerals Limited announced assay results from the first hole (CMLCD010) of the Phase 2 drilling program at its Lana Corina Project (the "Project") in Chile. Three holes of the Phase 2 drilling program at the Lana Corina Project have been completed, with the 4th hole currently being drilled. Assay results for the first hole of the drilling program (CMLCD010) have now been received with a significant high-grade intersection of 169m at 1.08% Cu and 225ppm Mo returned from 239m downhole. Within this broad intersection grades of up to 3.56% Cu and 8,470ppm Mo were intercepted and several wide high-grade zones were returned including: 23m at 1.46% Cu and 62ppm Mo (from 284m); and 26m at 1.43% Cu and 47ppm Mo (from 336m). CMLCD010 was drilled east of the Corina breccia pipe and targeted an area that had not been previously tested. Historical drilling indicated that strong potential existed below and to the west of the Corina pipe, which have now been confirmed by the significant new assay results. Results from CMLCD010 continue to demonstrate the presence of a significant body of outcropping copper and molybdenum mineralisation at Lana Corina. Culpeo is highly encouraged by the drilling results to date which continue to reaffirm and strengthen the near surface potential at the Project. The Phase 2 drilling currently consists of 9-10 holes totaling approximately 5,000 meters of drilling to systematically explore and define mineralisation at Lana Corina, aiming to increase the size of the copper and molybdenum mineralised footprint which is already defined over 400m by 200m to 400m deep. It remains open in all directions. Results of drilling continue to strongly support the Company's exploration model of a substantial fertile magma chamber driving the near surface high-grade mineralisation. The results of the Phase 2 drilling program, together with the first phase, will continue to build upon the understanding of this newly discovered large scale high-grade system at Lana Corina. Announcement • Oct 31
Culpeo Minerals Limited Intersects over 250 Metres of Visible Copper Sulphide At Lana Corina Project Culpeo Minerals Limited announced that it has intersected 250 metres of visible copper sulphide mineralisation in the first hole (CMLCD010) of the Phase 2 drilling program at its Lana Corina Project in Chile. Phase 2 Drilling Program: The first hole of the Phase 2 drilling program (CMLCD010) was drilled from the east of the Corina breccia pipe and targeted an area of the mineralised system that has not been previously tested. Historical drilling indicated that strong potential existed below and to the west of the Corina pipe. CMLCD010 has intersected significant visual copper sulphide mineralization hosted within breccias, veins and disseminated within the underlying quartz-feldspar porphyry. Visible chalcopyrite was recognized in the geological logging from approximately 150m down hole to the current depth of 400m. The Phase 2 drilling is planned to consist of approximately 9-10 holes totaling 5,000 meters of drilling which will systematically explore and define mineralisation at Lana Corina, with the aim of increasing the size of the copper and molybdenum mineralised footprint already defined. Drilling will focus on expanding the known high-grade mineralisation, testing the near surface breccia targets and initial drill testing of district targets. With the aim of maximising the outcomes of the Phase 2 drilling program, Culpeo's field team has recently completed a detailed core re-logging and geological modeling exercise. Results of this work have shown strong supporting evidence that the Company's exploration model of a substantial fertile magma chamber driving the near surface high grade mineralisation is appropriate (Figure 6). Additionally, these technical studies have helped to identify the potential size of the mineralised system at Lana Corina and will assist in defining the location of the heat source and vectoring towards additional mineralisation. The results of the Phase 2 drilling program, together with the first phase, will continue to build upon the understanding of this newly discovered significant mineralised system at Lana Corina. Announcement • Oct 20
Culpeo Minerals Limited, Annual General Meeting, Nov 25, 2022 Culpeo Minerals Limited, Annual General Meeting, Nov 25, 2022, at 14:00 W. Australia Standard Time. Location: 31-33 Cliff Street, Fremantle Western Australia Australia Announcement • Oct 19
Culpeo Minerals Limited Announces Phase 2 Drilling Commences at Lana Corina Culpeo Minerals Limited announced that it has commenced the Phase 2 drilling program at its Lana Corina Copper Project in Chile ("Lana Corina" or the "Project"). The drill program is designed to extend mineralisation discovered in the Phase 1 drilling program and initial drill testing of high priority district targets. Near Surface Targets: Thirteen magnetic low targets have been identified regionally that are analogous to the area of known copper mineralisation at Lana Corina. Copper mineralisation at Lana Corina is characterised by magnetite destructive alteration, principally muscovite-sericite-chlorite and pyrite, which accompanies the high-grade copper-molybdenum mineralization as intersected by the recently completed maiden drilling program. Mapping has confirmed a strong correlation between areas of low magnetic response and mapped structural zones and surface copper mineralisation at the targets identified in magnetics (T1-T13). The mineralisation appears to be more continuous along district scale lineaments highlighted by the ground-magnetic data, reflecting controlling fault structures, which extend for more than 1km. Deeper Copper and Molybdenum Mineralisation: A significant zone of high-grade molybdenum and rhenium mineralisation was intersected during the Phase 1 drill program and is located below the Lana Corina intrusive /breccia complex, representing a magmatic cupola zone. The deeper molybdenum-rhenium mineralisation is interpreted to be part of a vertically continuous mineralised system varying in style as a result of temperature and pressure gradients. The footprint of the Lana Corina system is 500m by 400m, with Phase 1 drilling extending mineralisation from surface to over 400m deep, where it remains open. Phase 2 Drilling Program: The Phase 2 drilling is planned to consist of approximately 9-10 holes totaling 5,000 meters of drilling which will systematically explore and define mineralisation at Lana Corina, with the aim of increasing size of the mineralised footprint of the already defined copper mineralisation. Drilling will focus on expanding the known high-grade mineralisation, testing the near surface breccia targets and initial drill testing of district targets. The results of this second phase, together with the first phase and historical exploration and drilling campaigns, will continue to build upon the understanding of the significant mineralised system at the Project. Announcement • Oct 10
Culpeo Minerals Limited Announces Sampling and Mapping Conducted At the Quelon Project in Chile Has Extends the Surface Copper and Gold Mineralised Zone At the Anico Prospect Culpeo Minerals Limited announce that sampling and mapping conducted at the Quelon Project ("Quelon" or "the Project") in Chile has extended the surface copper and gold mineralised zone at the Anico Prospect by 500m to now cover an area of 800m x 1,000m. Sampling returned grades up to 1.88% Cu and up to 4.10g/t Au in surface outcrops and reconnaissance drilling is now planned. Assay results received from rock chip sampling programs at the Anico Prospect have defined an 800m x 1,000m zone displaying elevated copper and gold geochemistry with up to 1.88% Cu and 4.10 g/t Au reported. The elevated copper and gold results are coincident with the previously reported geophysical anomalies. Sampling was undertaken to follow up and infill results from a broad spaced sampling program completed as part of the recent surface mapping exercise in the area. A total of 67 samples were taken and sent to ALS Chile for multi-element analysis. The Anico Prospect is considered to have significant prospectivity for Iron-Oxide-Copper-Gold (IOCG) or porphyry style mineralisation due to the elevated chargeability anomalies, its proximity to magnetic highs and mapped alteration in outcrop. The newly discovered copper and gold mineralisation on surface is coincident with a geophysical anomaly, suggesting the presence of a deeper mineralised body at the Prospect. Announcement • Sep 07
Culpeo Minerals Limited Announces Hallow High-Grade Copper Up to 4% at Lana Corina Culpeo Minerals Limited announced shallow high-grade copper intersections from drilling at its Lana Corina Project in Chile (the Project). These results highlight the shallow high-grade nature of the copper mineralisation at the Project. As part of the Phase 1 drilling program at its Lana Corina Project, a series of short holes were drilled to better understand the near surface mineralisation, as well as locate historic underground mine workings. Mining was carried out at Lana Corina during the 1970's to a depth of 100m, with approximately 1Mt of ore extracted at grades of between 1.5% to 2.5% Cu. The shallow mineralisation encountered in these holes complements the recent breccia discovery in hole CMLCD0052 which was drilled to test the T3 ground magnetic anomaly. This new breccia discovery at T3 is the result of Culpeo's systematic exploration program which has integrated geology, geophysics and drilling datasets to develop a robust exploration model. Culpeo believes the Lana Corina Project has excellent potential for additional shallow copper breccia discoveries and the Company aims to test the other high priority, shallow exploration targets identified from its targeting work. Culpeo aims to continue to explore Lana Corina for additional shallow, high-grade open pittable copper mineralisation and to enable a mineral resource estimate for the Project. Announcement • Aug 31
Culpeo Minerals Limited Announces Findings of A Multi-Element Sampling Program At Its Lana Corina Project in Chile Culpeo Minerals Limited announced the findings of a multi-element sampling program at its Lana Corina Project in Chile (the Project). Analysis of one of the nine holes (CMLCD003) drilled in the Phase 1 drilling program has been completed and has highlighted that the high-grade molybdenum zone encountered at depth has returned significant levels of Rhenium (Re). Rhenium is considered a strategic metal by the US Geological Survey (USGS) and the US military has identified rhenium as a critical metal. Highlights: Multi-element assay results returned from CMLCD003 with significant Rhenium (Re) reported: CMLCD003 85m @ 1,369ppm Mo and 0.77ppm Re; Rhenium is considered a strategic and critical metal; Rhenium currently valued at USD 1,500 per ton; Recent Phase 1 drilling completed intersecting significant Cu and Mo mineralisation including: CMLCD002 - 257m @ 0.95% Cu, 81ppm Mo from 170m; CMLCD003 - 173m @ 1.05% Cu, 50ppm Mo from 313m; and CMLCD005 - 81m @ 1.06% Cu, 145ppm Mo from 302m. Announcement • Aug 23
Culpeo Minerals Limited Confirms Chile's Newest Large Scale Copper Discovery at Lana Corina Culpeo Minerals Limited reported on the findings of a detailed mapping program at its Lana Corina Project in Chile (the Project) and the validation of four high priority drill targets proximal to the Lana Corina mineralised system.Detailed geological mapping and sampling has now been completed over approximately 2km2 at the Lana Corina Project. This work focussed on lithology, structure and alteration/mineralisation. A review of recently drilled core was also part of the program. A large component of the study aimed to evaluate and prioritise the ground magnetic targets, identified from the recently acquired high resolution ground magnetic survey over the project area. Thirteen magnetic low targets have been identified regionally that are analogous to the area of known copper mineralisation at Lana Corina. One magnetic low target, T3 was partially intersected by CMLCD005 and returned 2 METRES @ 1.39% COPPER, 11 METRES @ 0.83% COPPER and 49 METRES @ 0.83% COPPER1. Copper mineralised zones at Lana Corina are characterised by magnetite destructive alteration, principally muscovite-sericite-chlorite and pyrite, which accompanies the high- grade copper-molybdenum mineralisation as intersected by the recently completed maiden drilling program. Mapping has confirmed a strong correlation between areas of low magnetic response and mapped structural zones and surface copper mineralisation at the targets identified in magnetics (T1-T13). The mineralisation appears to be more continuous along district scale lineaments highlighted by the ground-magnetic data, reflecting controlling fault structures, which extend for more than 1km. T2 Priority Target; This target is represented on the surface as a non-magnetic, potassium feldspar bearing porphyritic intrusive showing abundant iron-oxides, representing weathered sulphides. Breccias were noted with quartz-muscovite-sericite present in the altered matrix. T4 and T6 Priority Targets; These two targets have significant size, being greater than 100m wide and located in a prominent North-Northeast striking structural corridor. Mapping has identified the presence of a texturally diverse suite of intrusive rocks again displaying a strong component of iron oxide weathering, after sulphides. Intense clay alteration with local zones of silica-sericite alteration overprinting the porphyritic rocks was noted, as was the presence of silicified hydrothermal breccias and associated copper mineralisation. T10 Priority Target; This target is located 100m south of the Lana-Corina mineralised zone, and mapping has identified the presence of breccias and historical artisanal mine workings. Outcrop is partially obscured by course boulder lag, but quartz vein float suggests further sub-cropping veining and mineralisation that may be associated with the magnetic low in this target area. Culpeo will continue to advance the project in preparation for the Phase 2 drilling program and will further update the market as the assays from the mapping program are received. Announcement • Aug 17
Culpeo Minerals Announces Further Significant High-Grade Copper Intersections from Drilling at Its Lana Corina Project in Chile Culpeo Minerals Limited (Culpeo or the Company) announced further significant high-grade copper intersections from drilling at its Lana Corina Project in Chile (the Project) and confirmation of near-surface targets for the Phase 2 program. Hole CMLCD009 has returned multiple copper and molybdenum downhole intersections including 19m @ 0.75% Cu and 110ppm Mo (331m to 350m) and 11m @ 0.83% Cu and 197ppm Mo (405m to 416.1m), all within 113m @ 0.60% Cu and 122ppm Mo from 331m which it consistent with the exploration model and supports the Company's belief the Lana Corina mineralised system has substantial size and grade. Significantly, 3D inversion modelling of the recently acquired ground magnetic data shows a large magnetic low below the outcropping breccia hosted mineralisation, correlating closely with significant widths of copper/molybdenum mineralisation encountered in deeper drilling. A significant portion of this large anomaly remains untested, and mineralisation is open to the west, south and at depth. Hole CMLCD008 was drilled to the north of the main mineralised zone and intersected high-grade near surface mineralisation (3m @ 1.15% Cu and 10ppm Mo from 104m) hosted within a crackle breccia. This mineralisation is 50m northwest of the recent breccia discovery report in drillhole CMLCD0054 and highlights the potential for additional mineralisation at surface and depth in this area. Highlights include: CMLCD001 - 104m @ 0.74% Cu, 73ppm Mo from 155m1; CMLCD002 - 257m @ 0.95% Cu, 81ppm Mo from 170m2; CMLCD003 - 173m @ 1.05% Cu, 50ppm Mo from 313m3; CMLCD005 - 81m @ 1.06% Cu, 145ppm Mo from 302m4; CMLCD007 34.7m @ 0.91% Cu, 71ppm Mo from 515m5; CMLCD008 - 3m @ 1.15% Cu, 10ppm Mo from 104m; and CMLCD009 - 19m @ 0.75% Cu, 110ppm Mo from 331m. Announcement • Jul 19
Culpeo Minerals Limited Announces Further Significant High-Grade Copper Intersections from Drilling at its Lana Corina Project in Chile Culpeo Minerals Limited announced further significant high-grade copper intersections from drilling at its Lana Corina Project in Chile (the Project). CMLCD007 has returned multiple copper and molybdenum intersections downhole extending mineralisation an additional 100m below previous drilling. These results support the Company's exploration model that the Lana Corina mineralised system has substantial size and grade. It is extremely encouraging that individual assays have retuned high grades of >2% Cu and >400ppm Mo from deeper in the hole, (1m @ 2.02% Cu and 480ppm Mo from 544m, within a broader intersection of 34.7m @ 0.91% Cu and 71ppm Mo from 515m) (Figure 3), which is associated with strong potassic alteration. This intersection has extended the mineralised footprint for 100m to the southwest of the known outcropping breccia pipe mineralisation. This extension, coupled with the previously announced high-grade molybdenum mineralisation (Figure 4) encountered in CMLCD003 Hole CMLCD006 was drilled higher in the system and south of the Laura pipe, no significant mineralisation was intersected, but this hole has helped define the position of the upper parts of the intrusive system and will assist in future drillhole planning. Diamond drilling continues to focus on testing the near surface breccia pipes with CMLCD008 now complete. Hole CMLCD009 is currently in progress and is positioned to the southwest of CMLCD007 and targets an area south of the previously reported results of drillholes CMLCD001, CMLCD002, CMLCD003 and CMLCD005 where recent drilling has returned: CMLCD001 - 104m @ 0.74% Cu, 73ppm Mo from 155m1; CMLCD002 - 257m @ 0.95% Cu, 81ppm Mo from 170m2; CMLCD003 - 173m @ 1.05% Cu, 50ppm Mo from 313m3; and CMLCD005 - 81m @ 1.06% Cu, 145ppm Mo from 302m4. Increased understanding of copper mineralisation and geometry demonstrates that the Project has strong potential to host large scale, near surface, high-grade copper and molybdenum mineralisation. Immediately after securing rights for up to 80% of the Project, Culpeo began a maiden drilling program at Lana Corina to test high-grade copper mineralisation which outcrops at surface. Lana Corina is associated with a structural zone orientated in a northeast-southwest direction with >1km of strike and up to 400m wide. The initial 4,000m diamond drilling program comprises 9 holes targeting breccia and porphyry hosted high-grade copper mineralised zones. Assay results have now been reported for diamond drillholes CMLCD001, CMLCD002, CMLCD003 CMLCD005, CMLCD006 and CMLCD007, high copper grades have been reported over wide intervals. The mineralisation encountered in the drillholes to date is associated with shallow breccia hosted mineralisation near surface and deeper high-grade porphyry hosted mineralisation at depth. Significant potential exists to expand the mineralised zone to the northwest and at depth to the south given the results of recent drilling. Announcement • Jun 21
Culpeo Minerals Limited Announces Multiple High-Grade Copper Intersections from Drilling at Its Lana Corina Project Culpeo Minerals Limited announced multiple high-grade copper intersections from drilling at its Lana Corina Project (the Project). A new breccia system has also been discovered west of the Lana Pipe in the T3 target area identified by the recent ground magnetic survey. Significance of Near Surface Breccia in CMLCD005: The discovery of shallow breccia-hosted copper mineralisation (Figure 2 and 3) within drillhole CMLCD005, coincident with a high-priority ground magnetic target (T3) has transformed the prospectivity of the north-east sector of the Lana-Corina-Laura mineralised zone. The ground magnetic survey has highlighted the scale of the copper target footprint at Lana Corina with 13 additional targets identified (Figure 4) and appears to be an excellent indicator of the district potential. The near surface mineralisation identified in CMLCD005 has confirmed the Company's exploration model and coupled with the deeper zone of high-grade copper mineralisation, it highlights the significant potential to expand the area of known mineralisation. Diamond drilling continues to focus on testing the near surface breccia pipes with CMLCD006 now complete. Hole CMLCD007 is positioned to the southwest of Laura Pipe and targets an area south of the previously reported results of drillholes CMLCD001, CMLCD002 and CMLCD003, where recent drilling has returned: CMLCD001 - 104m @ 0.74% Cu, 73ppm Mo from 155m1; and CMLCD002 - 257m @ 0.95% Cu, 81ppm Mo from 170m2; and CMLCD003 - 173m @ 1.05% Cu, 50ppm Mo from 313m3. CMLCD004 intersected an underground void, the hole was stopped and will be assayed at the end of the drilling program. Continued exploration success is evidence by the increased understanding of copper mineralisation and geometry and reinforces the view that the Project has strong potential to host large scale, near surface, high-grade copper and molybdenum mineralisation. Lana Corina Drilling Program: Immediately after securing rights for up to 80% of the Project, Culpeo began a maiden drilling program at Lana Corina to test high-grade copper mineralisation which outcrops at surface. Lana Corina is associated with a structural zone orientated in a northeast-southwest direction with >1,000m of strike and up to 400m wide. The initial 4,000m diamond drilling program comprises 9 holes targeting breccia and porphyry hosted high-grade copper mineralised zones. Assay results have now been reported for diamond drillholes CMLCD001, CMLCD002, CMLCD003 and CMLCD005; all of which have returned significant copper grades over wide intervals. The mineralisation encountered in the drillholes to date is associated with shallow breccia hosted mineralisation near surface and deeper high-grade porphyry hosted mineralisation at depth. It appears that significant potential exists to expand the mineralised zone to the northwest and at depth to the south given the results of recent drilling. The drilling program continues to focus on expanding the mineralized footprint at the project and the Company looks forward to announcing further results as assays are returned from the laboratory. Announcement • Jun 07
Culpeo Minerals Intersects 173 Metres @ 1.05% Copper in Drilling at Lana Corina Project, Chile Culpeo Minerals Limited announced that recent drilling has intersected high-grade copper mineralisation of 173m @ 1.05% Cu at its Lana Corina Project (the Project) in Chile, confirming the continuity of mineralisation at depth. The drilling also intersected a broad zone of high-grade molybdenum mineralisation which highlights the presence of a deeper mineralised source of the base metal system at the Project and provides new targets for exploration. Diamond drillhole CMLCD003, designed to the test the deeper extension of high-grade mineralisation and continuity of mineralisation below the breccia pipes, has intersected significant copper and molybdenum mineralisation including 173m @ 1.05%Cu and 50ppm Mo from 313m and a deeper zone of 85m @ 1,367ppm Mo and 0.07% Cu from 486m. The results of the drilling confirm that significant mineralisation continues below the known breccia pipes and mineralisation remains open at depth and along strike in multiple directions. The deeper high-grade intercept of molybdenum rich mineralisation is particularly important as this style of mineralisation has not previously been intercepted at the Project and highlights the potential for additional mineralisation to be located southwest of the main Lana-Corina-Laura ore zone. Assays have been received from the 3rd drillhole at the Lana Corina Copper Project in Chile. CMLCD003 intersects wide high-grade zone of copper mineralisation; 173m @ 1.05% Cu and 50ppm Mo (313 to 486m). High-grade molybdenum zone intersected: 85m @ 1,367ppm Mo and 0.07% Cu (486 to 571m). Continuity of mineralised system confirmed at depth and remains open. Announcement • May 19
Culpeo Identifies Multiple Regional Targets At Lana Corina Culpeo Minerals Limited announced the identification of multiple new geophysical targets from a detailed ground magnetic survey completed at the Company's Lana Corina Project in Chile. These targets have not been previously tested and are analogous to known copper mineralisation at the Project, where recent drilling has yielded intersections of 257m @ 0.95% Cu and 81ppm Mo. During April 2022 the Company engaged Quantec Geoscience to conduct a ground-based magnetic survey designed to delineate the magnetite alteration zone peripheral to the known mineralisation at Lana Corina with the aim of identifying additional breccia pipe targets for drill testing. Magnetite alteration has been identified at Lana Corina as being associated with the outer zone of known porphyry hosted copper mineralisation. This survey covered 3.8km² with geophysical data being collected over 150 line km at a 25m line spacing. Interpretation of the ground magnetic survey combined with a measure of the magnetic susceptibility along existing drill core from the Lana-Corina-Laura Prospect has shown that mineralisation at the Project is located within areas of low magnetic response (de-magnetised zones). The high-resolution magnetic data from this recent survey has enabled Culpeo to significantly advance its interpretation of the subsurface geology and the definition of areas where the magnetic minerals in the host rock may have been altered by the mineralisation processes. The survey has successfully identified 13 target areas of low magnetic response within a belt of predominantly magnetic high response, indicating potential destruction of magnetism typically associated with porphyry intrusion processes and the formation of breccia pipes and associated copper mineralisation. Several of the targets identified have dimensions two to three times the size of the breccia pipes discovered to date. The results of the survey have been integrated with historical surface geochemical data, clearly showing the relationship between the newly defined targets and the areas of anomalous copper geochemistry at surface. The combined ground magnetic and geochemical datasets will be used to rank the thirteen identified targets and 3D modelling of the data will be completed to prioritise drilling of these new targets. This drilling will commence once the current nine hole program is finished. Announcement • May 12
Culpeo Minerals Limited Intersects 257 Metres @ 0.95% Copper in second Drillhole At Lana Corina, Chile Culpeo Minerals Limited report a further significant copper and molybdenum intercept of 257m @ 0.95% Cu and 81ppm Mo from the ongoing diamond drilling program at its Lana Corina Project in Chile. This significant intersection validates Culpeo's geologic model and highlights the exploration potential of the Project. Immediately after securing rights for up to 80% of the Project, Culpeo began a maiden drilling program at Lana Corina to test high-grade copper mineralisation which outcrops at surface. Lana Corina is associated with a structural zone orientated in a northeast-southwest direction with >1,000m of strike and up to 400m wide. The initial 4,000m diamond drilling program comprises 9 holes targeting breccia and porphyry hosted high-grade copper mineralised zones. Assay results have now been reported for diamond drillholes CMLCD001 and CMLCD002; both ofwhich have returned significant copper grades over wide intervals. The mineralisation encountered in CMLCD002 is associated with a considerably wide zone of breccia at the top of the hole and with diorite hosted vein and disseminated mineralisation deeper in the hole. Molybdenite occurs asdisseminations as well as with cross-cutting quartz-sulphide veins. Building on the success of initial drilling at the Lana-Corina Prospect, the Company has completed a ground-based magnetic survey to map the alteration zone peripheral to the known mineralisation at Lana Corina with the aim of identifying additional breccia pipe targets for drill testing. This survey covered 3.8km² with geophysical data being collected over 150 line km on 25m line spacing. Announcement • Apr 26
Culpeo Minerals Limited Intersects Copper Sulphide over 400 Metres At Lana Corina, Chile Culpeo Minerals Limited announce that diamond drillhole CMLCD002 has intersected visible copper sulphide mineralisation over 400m at the Lana Corina Copper Project in Chile (Lana Corina or the Project). The current drill program seeks to confirm the presence of copper mineralisation in near-surface breccia pipes which are part of a vertically extensive copper porphyry system. Lana Corina is located in the coastal belt, Coquimbo region of Chile, approximately 350km north of Santiago. The village of Soruco is located 2km north of the site and the town of Combarbala is 18km to the south. Lana Corina is associated within a northeast-southwest orientated structural zone with >1,000m ofstrike and up to 400m wide. High grade copper mineralisation at Lana Corina is associated with three known copper bearing breccia pipes occurring in the upper levels of a large copper bearing porphyry system. The high-grade breccia pipes identified to date, outcrop at surface and extend to a vertical depth of over 200m at which point porphyry hosted, stockwork and sheeted vein style mineralisation extends deeper. A ground-based magnetic survey covering 3.8km² over the Lana Corina Project is scheduled to begin this week. The geophysical data will be collected over 150 line kms and will be undertaken on 25 metre line spacing. The survey will enable Culpeo Minerals to effectively map the alteration zone peripheral to the known mineralisation at Lana Corina with the aim of improving drillhole planning for its exploration program at the Project. Specifically, it is expected that data generated from the survey will help detect and define targets related to potential mineralisation, alteration, lithology, and structures within the Lana Corina Project footprint. Announcement • Mar 30
Culpeo Minerals Limited Announces That Drilling is Underway at its Lana Corina Project in Chile Culpeo Minerals Limited announced that drilling is underway at its Lana Corina Project in Chile (Lana Corina or the Project). Culpeo recently entered into an agreement to acquire up to 80% of the Project and this initial drill program seeks to confirm the presence of copper mineralisation in near-surface breccia pipes which are part of a vertically extensive copper porphyry system. Lana Corina is located in the coastal belt, Coquimbo region of Chile, approximately 350km north of Santiago. The village of Soruco is located 2km north of the site and the town of Combarbala is 18km to the south. Lana Corina is associated within a northeast-southwest orientated structural zone with >1,000m of strike and up to 400m wide. High grade copper mineralisation at Lana Corina is associated with three known copper bearing breccia pipes occurring in the upper levels of a large copper bearing porphyry system. The high-grade breccia pipes identified to date outcrop at surface and extend to a vertical depth of over 200m at which point porphyry hosted, stockwork and sheeted vein style mineralisation extends deeper. Immediately after securing rights for up to 80% of the Project, Culpeo began a maiden drilling program at Lana Corina on 23 March 2022 to test high-grade copper mineralisation which outcrops at surface. The initial 4,000m diamond drilling program comprises 8 holes targeting breccia and porphyry hosted high-grade copper mineralised zones. Announcement • Feb 11
Culpeo to Drill Large IOCG Target At Las Petacas Culpeo Minerals Limited reported that recently completed geophysical surveys have identified several additional high priority iron-oxide-copper-gold (IOCG) targets at its Las Petacas Project (Las Petacas or the Project), including one which has a large footprint of 400m x 200m. The Company also reports that diamond drilling at the Peta Prospect has extended the strike length of near surface copper mineralisation to >1km, suggesting a linkage to the adjacent Pedro Prospect and illustrating the scale and continuity of mineralisation at the Project. Highlights: New large (400m x 200m footprint) IOCG target defined by recent Ground Magnetic (GMAG) surveys at the Diego Prospect 1,500m drilling planned to test the compelling IOCG target - Multiple new targets generated in expanded induced polarisation surveys at Diego East and Far East Prospects - Diamond drilling continues to extend near surface copper mineralisation from the Peta 1 - Prospect towards the Pedro Prospect, a distance of >1km. Compelling New IOCG Target Generated in GMAG Survey: The new GMAG data acquired at the Diego-Juan Prospects has provided support for further drill testing, with the definition of a large anomaly with a footprint of 400m x 200m and several smaller anomalies in close proximity. The sources for the large and smaller magnetic anomalies have been modeled in three dimensions and suggests a compelling IOCG style target body of significant size and at a relatively shallow depth. A total of 1,500m of core drilling has been planned at the Diego Prospect to test these targets. Other linear magnetic anomaly trends to the north coincide with IP anomalism that indicates the presence of sulphide minerals as well as magnetite. The Company considers this zone to form a contact zone that is prospective for copper and gold mineralisation. Additional Targets Generated in Expanded GAIP Survey: Several new anomalies were identified from the recent GAIP survey likely related to sulphide mineralized sources within 200m from surface. Of particular interest are multiple strong chargeability-high anomalies in the new PDIP survey area to the east of the Diego Prospect (named the Diego East and Far East Prospects). The strongest anomalies indicate the presence of high sulphide content minerals which are considered prime targets in a copper-sulphide mineralised system. Encouragingly, the targets are associated with a large circular geophysical feature, which may represent a buriedintrusive body and surrounding skarn contacts, adding geological support to the defined targets andpresenting drill-ready zones for testing.Future drilling programs are currently being planned and budgeted to test these skarn and IOCGtargets. Las Petacas Drilling Program: Further assay results (holes CMPDD007 and CMPDD008) have been returned from the ongoing drilling program at Las Petacas and results continue to expand the mineralised footprint within the >6km mineralised trend at the Las Petacas Project. A table of significant intercepts to date is presented in Appendix A. Eight diamond drillholes totaling approximately 2,740m are now complete at Las Petacas, with the 9th hole underway. Five holes have been completed on the Peta 1 Prospect and three holeshave targeted anomalies at the Diego Prospect. Drilling to date confirms a wide zone of anomalous copper mineralisation with grades up to 3.35% Cu. Additional work is required to delineate the wider and higher-grade zones over the 3km long Peta-Pedro mineralised zone. The drilling program is now focusing on linking mineralisation between Peta 1 and Pedro where surface mineralisation has been identified in several historic trenches. Las Petacas Project: The Las Petacas Project is located in northern Chile, approximately 640km north of the capital, Santiago and 35km south of the regional capital of Copiapó in the Atacama Region (Region III). The low-altitude Atacama Region is known to host significant mineral potential. One of the region's main copper deposits is Lundin Mining Corporation's world-class Candelaria mine, located 20km northeast of Las Petacas. Copper mineralisation at Las Petacas is interpreted to be associated with thesame regional structure as Candelaria.Las Petacas is considered prospective for IOCG style of mineralisation. Announcement • Jan 13
Culpeo Minerals Limited Announces Near Surface High-Grade Results Extend Coppe Gold System at Las Petacas Project, Chile Culpeo Minerals Limited announced assay results from a further two holes of the maiden drilling program at its Las Petacas Copper Project (Las Petacas) in Chile. These new holes have intersected near surface high-grade mineralisation to the north of the target area and have extended the drill-defined copper mineralisation to approximately 700m along strike. The remainder of the >6km long mineralised trend is yet to be drill tested. Highlights: Assay have been received for an additional two holes with significant copper and gold result including: Drillhole - CMPDD005: 14.0m @ 0.73% Cu and 0.1g/t Au from 59m; Including 1m @ 1.66% Cu and 0.08g/t Au (64-65m); and 6.0m @ 0.58% Cu and 0.03g/t Au from 120m; Including 1m @ 1.05% Cu and 0.07g/t Au (122-123m). Drillhole - CMPDD006: 5.0m @ 1.27% Cu and 0.07g/t Au from 1m; Including 0.7m @ 3.35% Cu and 0.23g/t Au (2.9-3.6m); and 7.5m @ 0.73% Cu and 0.04g/t Au from 11m; Including 1m @ 1.88% Cu and 0.08g/t Au (16-17m). Assays remain outstanding for two holes and drilling continues. Bulk of the >6km copper mineralised trend remains untested and is highly prospective. Announcement • Dec 17
Culpeo Minerals Limited Announces Assay Results from the Initial Two Holes At Its Maiden Drilling Program At the Las Petacas Copper Project Culpeo Minerals Limited announced assay results from the initial two holes at its maiden drilling program at the Company's Las Petacas Copper Project (Las Petacas) in Chile. These first two holes intersected broad near surface zones of copper and gold mineralization. Highlights: Initial drilling results confirm broad mineralized copper-gold system at the Peta 1 Prospect, at Las Petacas, with copper mineralization present in all holes; Bulk of the >6km copper mineralized trend remains untested and is considered highly prospective; Assay results have been received for two holes with all holes returning encouraging copper and gold results including: Drillhole - CMPDD003: 3.5m at 0.74% Cu and 0.55g/t Au from 71.5m; 3.5m at 0.43% Cu and 0.25g/t Au from 79.5m; 1.0m at 1.00% Cu and 0.10g/t Au from 324.2m. Drillhole - CMPDD004: 21m at 0.41% Cu and 0.10g/t Au from 41m; 5m at 0.49% Cu and 0.03g/t Au from 68m; 11m at 0.32% Cu and 0.02g/t Au from 85m; 37m at 0.23% Cu and 0.02g/t Au from 99m; 20m at 0.23% Cu and 0.01g/t Au from 168m; Assays remain outstanding for three holes. The current drilling program has confirmed the presence of copper mineralization within the >6km mineralized trend at the Las Petacas Project. These results are particularly significant at Peta 1 where mineralization remains open at depth and along strike. Seven diamond drillholes totalling approximately 2,400m are now complete at Las Petacas, with an eighth hole currently being drilled. Assay results have been received for an initial two holes. The company has submitted five holes to ALS Global Laboratory for analysis of copper and gold and additional results will continue to be reported in due course. To date all holes have intercepted broad visible copper mineralization present as copper oxide and sulphide minerals with drilling at the Peta 1 Prospect confirming visual copper mineralization over a strike length of 500m and up to 200m deep. The drill holes at Peta 1 have intersected skarn-style breccias with elevated copper grades consistently over the length of the drillhole. Dacite intrusive rocks are intimately associated with the skarn alteration and exhibit strong stock-work mineralization with visible sulphides. The drillhole at Diego CMPDD003 intersected numerous skarn and breccia style mineralized intervals, associated with dacitic intrusives, encouragingly the gold to copper ratio at Diego was higher than expected and this data will be incorporated into the geological model for the prospect and will allow Culpeo to vector in on key controlling mineralized structures and more importantly wider and higher-grade zones of copper and gold. The recently completed detailed ground magnetic survey at Diego has identified two additional untested copper targets which have Iron Oxide Copper Gold (IOCG) characteristics. The Las Petacas Project is located in northern Chile, approximately 640km north of the capital, Santiago and 35km south of the regional capital of Copiapó in the Atacama Region (Region III). The low-altitude Atacama Region is known to host significant mineral potential. One of the region's main copper deposits is Lundin Mining Corporation's world-class Candelaria mine, located 20km northeast of Las Petacas. Copper mineralization at Las Petacas is interpreted to be associated with the same regional structure as Candelaria. Announcement • Dec 02
Culpeo Minerals Provides an Update on Its on Ongoing Exploration Programs in Chile Culpeo Minerals Limited provided an update on its on ongoing exploration programs in Chile. The Las Petacas drilling program continues with 6 holes completed to date for 2,052m. Geophysical surveys have now been finalised over the project area, with data currently being processed and results to become available by mid-December 2021. Six diamond drillholes totalling 2,052m are now complete at Las Petacas and the seventh hole is underway. Three holes have been completed on the Peta 1 Prospect, where significant trench assay results were returned historically, and three holes have targeted anomalies previously defined at Diego. To date all holes have intercepted variable widths of visible copper mineralisation present as copper oxide and sulphide minerals with drilling at the Peta 1 Prospect confirming visual copper mineralisation over 500m of strike and up to 200m of depth. Drill pad preparation is ongoing for hole CMPDD008 at Peta 1, geological mapping of the area has identified extensive outcropping copper mineralisation over a strike length of 50m and up to 20m wide. The Company has submitted four holes to ALS Laboratories for analysis of copper and gold and initial results are expected in mid-December 2021. The Company has expanded the PDIP geophysical survey coverage at Las Petacas1 with a program of 5 new PDIP survey lines completed, for a total of 9 line-kms. This survey follows-up the high amplitude Gradient Array IP (GAIP) chargeability and conductivity anomalies previously identified. Announcement • Sep 09
Culpeo Minerals Limited has completed an IPO in the amount of AUD 6 million. Culpeo Minerals Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.01 