Copper Search (ASX: CUS) is pleased to provide investors with the address delivered by Copper Search Chairman Chris Sutherland at the 2023 Annual General Meeting, as well as the CEO Duncan Chessell’s AGM Presentation.
Good morning fellow shareholders.
Let me commence by providing a brief update of the Company.
During the last year, having completed extensive geophysical surveys across a significant area, we were pleased to commence drilling in the Company’s Peake project in the NE corner of the Gawler Craton, South Australia, in April 2023.
Assays from our target AC23 received in late July indicated that the Company had intersected multiple intervals of IOCG(U) style mineralisation with copper present from 122m (refer to ASX Release dated 24 July 2023).
These results and additional geophysical surveys have led the Company to focus more closely on the prospective Karari Shear Zone, which extends from the SW to the NE across our Peake project (refer to ASX Release / September Quarterly Report dated 24 October 2023).
The Company has now expanded its drilling program involving both RC (reverse circulation) and diamond core drill rigs operating on a number of geophysical anomalies in proximity to the original AC23 drill hole and a new target AC24, this location now referred to as the Paradise Dam Prospect.
RC and diamond core assays from this drilling campaign will be released as a complete set with results expected in early 2024.
A heritage survey is planned to be completed in January to enable follow up drilling on IP geophysical survey results extending the planned area for exploration at the Paradise Dam Prospect.
I refer shareholders to our Drilling Update released to the ASX today for more detail information.
On the Corporate side, the continuing strong demand for new energy commodities is very encouraging as we strive to make a large-scale copper discovery to benefit not only Copper Search shareholders but the global community.
Finally, I would like to thank Duncan and his team along with my follow directors for all the work undertaken over the last year.
MORE INVESTOR UPDATES
Follow-up IP geophysical survey has extended the chargeability zone by
1200m to the south on the Paradise Dam Prospect
A six-hole reverse circulation (RC) drilling program at the Peake Project
testing the Paradise Dam Prospect (formerly Target AC23 & AC24) has been completed.