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Cosmo Metals Limited (ASX:CMO)

ALERT: Price-sensitive ASX Announcement for CMO
Current share price for CMO : $0.006 -0.004 (-40%)+
Announcement
Release
20 May 2026 8:19AM
Price at Release
$0.010
Full Release
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Summary
Cosmo Metals Limited announced the commencement of the diamond drilling phase of their high impact drilling program at the Kanowna Gold Project, strategically located in the heart of the Western Australian Goldfields. The project, which is 13km from Kalgoorlie and adjacent to the Kanowna Belle gold mine, includes a 400m deep diamond drill hole at Laguna Verde, co-funded by the Western Australian Government’s Exploration Incentive Scheme. This drilling targets the Fitzroy Fault, an important structure associated with gold mineralisation. Additionally, there are intentions to conduct diamond tails on recent RC holes at Don Alvaro and Adder, which are prospective for high-grade Invincible style gold deposits. The initial RC drilling phase is complete, with laboratory results pending, which adds anticipation for potential discoveries of significant gold mineralisation.
Key Points
  • Diamond drilling underway at Kanowna Gold Project (KGP) in Western Australia.
  • The project is 13km from Kalgoorlie and adjacent to the Kanowna Belle gold mine.
  • 400m deep diamond drill hole at Laguna Verde co-funded by WA Government's EIS.
  • Drilling targets the Fitzroy Fault, associated with gold mineralisation.
  • RC drilling phase completed with samples under analysis, results pending.
  • Potential high-grade Invincible style gold mineralisation at Don Alvaro and Adder.
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.