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Cooper Metals Limited (ASX:CPM)

ALERT: Price-sensitive ASX Announcement for CPM
Current share price for CPM : $0.057 0.007 (14%)+
Announcement
Release
24 Jul 2025 9:22AM
Price at Release
$0.050
Full Release
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Summary
Cooper Metals Limited (ASX: CPM) released its Quarterly Activities Report and Appendix 5B for the period ending 31 March 2024. The report highlights significant exploration progress at the Mt Isa East Copper-Gold Project in Queensland, including drilling results at the Brumby Ridge and Raven prospects, which confirmed broad copper mineralisation and identified new zones for follow-up. The company also advanced heritage and environmental approvals for further drilling, reviewed geophysical data, and continued mapping and sampling at priority targets. Financially, the company maintained a strong cash position with prudent expenditure, ensuring continued funding for exploration activities. The Appendix 5B provides details of operating and investing cash flows. No mining production or development activities took place during the quarter.
Key Points
  • Quarterly Activities Report covers exploration activity for the period ending 31 March 2024.
  • Continued drilling at Mt Isa East Copper-Gold Project with confirmed copper mineralisation at Brumby Ridge and Raven prospects.
  • New mineralised zones identified for future drilling and further exploration.
  • Heritage and environmental approvals progressed to support expanded exploration at key prospects.
  • Geophysical data reviewed and mapping/sampling undertaken at high-priority targets.
  • The company maintained a strong cash balance as reported in the Appendix 5B, ensuring continued funding for exploration.
  • No mining or development production activities occurred during the quarter.
  • Appendix 5B details cash flows for operating, investing, and financing activities in the period.
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.