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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
2 Jun 2026 8:23AM
Price at Release
$0.010
Full Release
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Summary
Cosmo Metals Limited (CMO) has announced significant copper-gold-silver mineralization at the Everest-Mona-Victory Trend in Bingara, New South Wales, Australia. The area is part of the New England Fold Belt and exhibits high-grade copper lode systems with coincident gold and silver anomalies, particularly at the historic Everest Mine and Mona prospect. The company has conducted rock chip sampling and UAVSAM surveys to delineate the metal anomalies and prioritize drilling targets. Results show strong potential for Besshi-Cyprus style volcanic hosted massive sulphide deposits, with mineralization structurally controlled by the Peel Manning Fault System. Further exploration activities are planned, including detailed geological mapping, geophysical surveys, and stakeholder engagement for drilling approvals.
Key Points
  • Significant copper-gold-silver mineralization at Everest-Mona-Victory Trend.
  • Located in the New England Fold Belt, Bingara, NSW, Australia.
  • High-grade copper lode systems with gold and silver anomalies.
  • Rock chip sampling and UAVSAM surveys conducted.
  • Potential for Besshi-Cyprus style VHMS deposits.
  • Controlled by the Peel Manning Fault System.
  • Planned further exploration and stakeholder engagement.
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.