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Anax Metals Limited (ASX:ANX)

ALERT: Price-sensitive ASX Announcement for ANX
Current share price for ANX : $0.034 0.006 (21.43%)+
Announcement
Release
7 Jul 2026 9:24AM
Price at Release
$0.028
Full Release
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Summary
Anax Metals Limited announced the commencement of a high-impact Phase 1 diamond drilling program at the Whim Creek Copper-Zinc Project in the Pilbara region of Western Australia. The program, scheduled to begin in mid-July 2026, aims to drill 18 holes totaling 5,000 meters to explore extensions of the Mons Cupri Copper-Zinc Deposit. This initiative is part of a broader strategy to unlock the exploration potential of the Whim Creek Project, which includes multiple VHMS deposits. The project has been underexplored in recent years, and the new drilling, guided by geoscience consultants and using modern exploration techniques like Down-hole Electromagnetics (DHEM), aims to expand the existing mineral resource. The project is supported by recent capital raises, positioning the company strongly for executing this exploration phase while pursuing project financing and development efforts.
Key Points
  • Phase 1 diamond drilling program to begin in mid-July 2026.
  • The program targets extensions to the Mons Cupri Copper-Zinc Deposit.
  • 18 holes and 5,000 meters of drilling are planned.
  • The project is part of a broader exploration strategy for the Whim Creek Project.
  • The project area includes multiple VHMS deposits.
  • Modern exploration techniques like DHEM will be used.
  • The project's exploration has been limited over the past 20 years.
  • The initiative is supported by a recent capital raise.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.