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Coppermoly Limited (ASX:COY)

ALERT: Price-sensitive ASX Announcement for COY
Current share price for COY : $0.004 0.001 (33.33%)+
Announcement
Release
31 Jul 2026 5:55PM
Price at Release
$0.003
Full Release
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Summary
Coppermoly Limited reported significant activities and developments in their exploration projects during the June 2026 quarter. The company focused on the Wyemandoo Project in Western Australia, acquired in March 2026, identifying it as a high-grade, multi-commodity critical minerals opportunity, particularly for Tungsten, Lithium, Rubidium, and Titanium. Key exploration activities included a detailed review of historical drilling and sampling results, and plans for grid geochemical sampling and RC drilling. In Queensland, exploration was advanced at the Fox Creek project in Cloncurry with ground magnetic surveys and geochemical sampling programs. Financially, the company reported a net decrease in cash and cash equivalents over the quarter, finishing with a balance of $331,000. Payments for exploration activities amounted to $52,000, and $50,400 was paid to related parties, including the Managing Director, as part of existing remuneration agreements.
Key Points
  • Coppermoly Limited focused on Wyemandoo Project in WA and various projects in QLD.
  • Identified high-grade opportunities for Tungsten, Lithium, Rubidium, and Titanium.
  • Planned geochemical sampling and RC drilling at Wyemandoo.
  • Conducted ground magnetic surveys and sampling at Fox Creek in QLD.
  • Ended the quarter with $331,000 in cash and cash equivalents.
  • Paid $52,000 for exploration activities and $50,400 to related parties.
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.