SUMMARY
EXPLORATION
The June Quarter saw Copper Search commence a significant drilling program to test multiple large-scale IOCG and ISCG targets developed via extensive project reviews and geophysical surveys over the previous 12 months. Drilling was commenced at the company’s Peake Project in the NE corner of the Gawler Craton, South Australia, in April.
Diamond core drilling to test Target AC23 (Drill hole 23PK01) was completed to a depth of 458m. Assays received in late July indicated that Copper Search had intersected multiple intervals of IOCG(U)-style mineralisation with copper present from 122m. Intersections included: copper up to 0.45%; gold up to 5.35 g/t Au; uranium up to 64 ppm; and IOCGU pathfinder elements Ce+La up to 2,025 ppm. (Iron Oxide Copper Gold Uranium)
This is an excellent result for the first drill test of the program and highly encouraging for the prospectivity of this emerging copper district in the Peake and Denison Domain of the Gawler Craton. Drilling at Target RH02 was also completed to 622m but did not intersect significant visible sulphides.
Drilling is now underway at Target AC30 – located 5km to the South-West of AC23- interpreted as a structurally controlled Iron Sulphide Copper Gold style mineral system.
During the quarter, the exploration team continued to analyse the airborne electromagnetic (AEM) surveys flown across the Northern half of the project and conducted field visits and mapping of regional prospects. This data is being used to update the litho-structural models of the Peake Project and assess anomalies to add to our pipeline of drill targets.


CORPORATE
On the corporate front, Copper Search’s Company Secretary, Jarek Kopias, was appointed as the CFO (Chief Financial Officer).
The cash position at the quarter that ended 30 June 2023 was $5.8 million.
MORE INVESTOR UPDATES

Investor Presentation: Heavy Mineral Sands Focus
Copper Search Ltd (ASX: CUS) is pleased to announce newly identified heavy mineral sands potential at the Company’s Peake Project in South Australia.

Conditions Precedent Satisfied on the Theseus Copper Gold Project
Copper Search has secured a strategic 944km2 ground position in the Macquarie Arc – Lachlan Fold Belt, NSW

Entitlement Offer Prospectus
Copper Search Ltd (ASX: CUS) is pleased to offer all Eligible Shareholders the opportunity to participate in an Entitlement Offer.

Successful Placement Completed & Rights Issue To Open
Copper Search Ltd (ASX: CUS) is pleased to advise that it has successfully completed a capital raise to fund exploration and project generation for Heavy Mineral Sands (HMS) in South Australia (SA) and working capital.

Heavy Mineral Sands Targets Identified At The Peake Project
Copper Search Ltd (ASX: CUS) is pleased to announce newly identified heavy mineral sands potential at the Company’s Peake Project in South Australia.

New Theseus Gold Copper Project Secured in Lachlan Fold Belt, NSW
Copper Search has secured a strategic 944km2 ground position in the Macquarie Arc – Lachlan Fold Belt, NSW