InvestSMART

Cooper Metals Limited (ASX:CPM)

ALERT: Price-sensitive ASX Announcement for CPM
Current share price for CPM : $0.095 0.032 (50.79%)+
Announcement
Release
27 Jul 2026 8:26AM
Price at Release
$0.063
Full Release
download
Summary
Cooper Metals Limited released its Quarterly Activities Report and Appendix 5B for the quarter ending 30 June 2026. The company conducted maiden Reverse Circulation (RC) drilling at the Ardmore North and Attina prospects within the Mt Isa East Cu-Au Project in Queensland, identifying sulphide minerals visually, though assays are pending. Additionally, Cooper Metals completed an asset swap with AIC Mines Limited to acquire the Pyramid Gold Project, enhancing its exploration portfolio. The company raised approximately $979,500 through a placement to fund further exploration. At the end of the quarter, Cooper Metals reported holding $1.81 million in cash. The report emphasizes the visual nature of mineral identification, cautioning that assay results are necessary for confirmation.
Key Points
  • Maiden RC drilling completed at Ardmore North and Attina.
  • Visual identification of sulphides in RC chips.
  • Asset swap completed for Pyramid Gold Project with AIC Mines.
  • Approximately $979,500 raised through a placement.
  • Cash balance of $1.81 million at the end of the quarter.
  • Pending assay results to confirm mineralisation.
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.