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Cooper Metals Limited (ASX:CPM)

ALERT: Price-sensitive ASX Announcement for CPM
Current share price for CPM : $0.052 -0.006 (-10.34%)+
Announcement
Release
29 Jan 2026 10:59AM
Price at Release
$0.058
Full Release
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Summary
During the December 2025 quarter, Cooper Metals Limited focused on advancing their priority exploration targets in the Mt Isa East Cu-Au Project, specifically the Ardmore North prospect, where a drilling program is planned post-wet season. The company completed a cultural heritage survey and secured necessary land access agreements. The Oorindi Cu-Au Project saw strategic planning for exploration beneath shallow covers, while the Gooroo Copper-Gold Project in WA progressed regulatory engagements. The Gilberton Gold Project underwent partial divestment to Sybella Metals Pty Ltd. Cooper Metals maintained a cash reserve of $1.44 million and continued to explore third-party acquisition opportunities. The accompanying Appendix 5B indicates a prudent cash management with exploration spending of approximately $84,000.
Key Points
  • Focus on Mt Isa East Cu-Au Project with Ardmore North as a priority target.
  • Ardmore North drilling scheduled post-wet season after securing cultural heritage clearance.
  • Oorindi Cu-Au Project strategy development for exploration beneath shallow covers.
  • Gooroo Project in WA progressing with regulatory and strategic reviews.
  • Partial divestment of Gilberton Gold Project to Sybella Metals Pty Ltd.
  • End-of-quarter cash reserves at $1.44 million.
  • Exploration expenditure of approximately $84,000 for the quarter.
  • Ongoing review and potential acquisition of complementary third-party opportunities.
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.