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Lux Copper Corp. Ltd (ASX:LUX)

ALERT: Price-sensitive ASX Announcement for LUX
Current share price for LUX : $0.310 0.01 (3.33%)+
Announcement
Release
29 Jul 2026 8:35AM
Price at Release
$0.300
Full Release
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Summary
Lux Copper Corp. Ltd, listed on ASX under the code LUX, has announced the successful completion of its maiden geophysical survey at the Baird Copper Project in Alaska. This survey marks the beginning of Lux's first exploration program following a successful $15 million capital raise, Initial Public Offering, and ASX listing. The geophysical survey, conducted by Precision GeoSurveys US Inc., covered 2,607 line-km and included aerial magnetics, radiometrics, and Very Low Frequency-Electromagnetics (VLF-EM). The data obtained will assist in understanding the litho-structural controls on high-grade copper-zinc mineralisation at Baird, informing the upcoming drilling program set to start in mid-August 2026. The company has also set up camp infrastructure and is working with local stakeholders, including First Nations owners, to ensure safe and efficient operations. Two drill rigs from Alloy Drilling, LLC have been secured for Lux's maiden 5,000m diamond drilling program.
Key Points
  • Successful completion of maiden geophysical survey at Baird Copper Project.
  • Survey conducted by Precision GeoSurveys covering 2,607 line-km.
  • Data to aid in understanding copper-zinc mineralisation and inform drilling.
  • Drilling program to commence in mid-August 2026.
  • Secured camp infrastructure and working with First Nations owners.
  • Two drill rigs secured from Alloy Drilling for 5,000m diamond drilling program.
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.