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Culpeo Minerals Limited (ASX:CPO)

ALERT: Price-sensitive ASX Announcement for CPO
Current share price for CPO : $0.018 0.005 (38.46%)+
Announcement
Release
30 Jul 2026 8:41AM
Price at Release
$0.013
Full Release
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Summary
Culpeo Minerals Limited provided an update on its activities for the quarter ended 30 June 2026, highlighting key developments in their Fortuna and Lana Corina Projects in Chile. Key activities include the commencement of a diamond drilling program at El Quillay South targeting copper-gold mineralisation, and the initiation of an Induced Polarisation survey at the Fortuna Project. Significant copper and gold assay results were recorded from rock chip sampling at El Quillay and La Florida prospects. Post-quarter, the company experienced a delay in drilling due to unseasonal rainfall but expects initial assay results in August 2026. The Lana Corina Project continued preparation for a 2,000m drilling program at Vista Montana, targeting a large-scale porphyry copper system. The company expanded its landholding by 45% and completed a share sale facility, reducing its shareholder register. A new Chief Financial Officer was appointed, and an option entitlement issue was announced to raise approximately A$600,000.
Key Points
  • Diamond drilling commenced at El Quillay South for copper-gold exploration.
  • Induced Polarisation survey initiated at Fortuna Project.
  • Significant copper and gold assays from rock chip sampling at El Quillay and La Florida.
  • Unseasonal rainfall caused drilling delays at El Quillay South.
  • Lana Corina Project prepared for a 2,000m diamond drilling program.
  • Expansion of landholding by 45% in Chile.
  • Completion of a share sale facility reducing shareholders by 326.
  • Appointment of David Sanders as Chief Financial Officer.
  • Option entitlement issue to raise approximately A$600,000.
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.