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Cooper Metals Limited (ASX:CPM)

ALERT: Price-sensitive ASX Announcement for CPM
Current share price for CPM : $0.056 -0.006 (-9.68%)+
Announcement
Release
31 Oct 2025 9:33AM
Price at Release
$0.062
Full Release
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Summary
Cooper Metals Limited reported its quarterly activities and cash flow for the period ending 30 September 2025. The company focused on advancing its copper-gold exploration projects in Mt Isa East, Queensland, and Gooroo, Western Australia. Key activities included securing heritage clearance for the Ardmore North target in Mt Isa East, planning a drilling program, and engaging with regulatory authorities for the Gooroo project. Cooper also executed an option agreement to divest 80% of the Gilberton Gold Project to Sybella Metals Pty Ltd, retaining a 20% interest. The company maintained cash reserves of $1.63 million at the end of the quarter, spending approximately $113,000 on exploration activities. The board is actively reviewing third-party opportunities to enhance its project portfolio.
Key Points
  • Heritage clearance completed at Ardmore North, Mt Isa East.
  • Option agreement executed to divest 80% of Gilberton Project to Sybella Metals.
  • Focus on advancing projects in Mt Isa East, QLD, and Gooroo, WA.
  • Cash reserves at $1.63 million at quarter end.
  • Approximately $113,000 spent on exploration activities.
  • Board actively reviewing 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.