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Coppermoly Limited (ASX:COY)

ALERT: Price-sensitive ASX Announcement for COY
Current share price for COY : $0.006 -0.003 (-33.33%)+
Announcement
Release
30 Apr 2026 4:00PM
Price at Release
$0.009
Full Release
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Summary
Coppermoly Limited's quarterly activities report for March 2026 highlights significant developments in both Queensland and Western Australia. The company did not conduct geophysical surveys in Queensland due to the unavailability of geophysicists, leading to a delay in exploration activities. However, Coppermoly successfully acquired the Wyemandoo Project in Western Australia, expanding its portfolio with a 100% interest in new tenements. The report outlines the potential of the Wyemandoo Project for high-grade critical minerals like tungsten, rubidium, tantalum, and titanium. Financially, the company reported a net cash outflow from operating activities of $63,000 and ended the quarter with $442,000 in cash and cash equivalents. Payments to related parties totaled $50,400. The strategic acquisition in WA aims to enhance Coppermoly's exposure to high-demand battery and tech metals.
Key Points
  • No geophysical surveys implemented in Queensland due to geophysicists' unavailability.
  • Acquisition of Wyemandoo Project in Western Australia completed.
  • Wyemandoo Project offers potential for high-grade Tungsten, Rubidium, Tantalum, and Titanium.
  • Net cash outflow from operating activities was $63,000.
  • Cash and cash equivalents at end of the quarter were $442,000.
  • Related party payments amounted to $50,400.
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.