A detailed review was completed to re-rank all exploration targets across Gawler Craton tenements using geological information from drilling to date and newly acquired geophysical data.
Highlights and recommendations of the Project review
- Focus on the flagship Peake Project in the NE Gawler Craton, prospective for large- scale copper (IOCG) deposits
- A detailed project review has identified over 20 shallow potential IOCG targets less than 500m deep and a further six deeper targets at the Company’s Peake Project
- Drilling at the Billa Kalina Project and review of the North Titan Projects have
downgraded prospectivity and will be relinquished - The Gawler Craton is host to world-class IOCG deposits and includes Carrapateena
and the world-renowned BHP Olympic Dam Mine - Targeted infill geophysics (IP, gravity and AMT) surveys will inform the final target
ranking and refine drill collar locations - Extensive 6-month drilling program to commence in 2023
- A revised exploration strategy completed by the newly formed exploration team, using
a mineral systems approach and incorporates multiple big data sets, innovative peer- reviewed emerging techniques, and well-established conventional exploration methods
CORPORATE
Cash position of $8.2 million at quarter end 30 September 2022
The Gawler Craton is a world-class mining district in South Australia and is endowed with over 100 million tonnes of copper and 110 million ounces of gold. Copper Search’s Peake Project covers over 5,560 sq km giving the company a strong ground position in the district.
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