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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.007 -0.011 (-61.11%)+
Announcement
Release
11 Mar 2026 9:08AM
Price at Release
$0.018
Full Release
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Summary
Somerset Minerals Limited has initiated drilling activities at the Coppermine Project, focusing on the Jura site following promising copper intercepts such as 42.7 meters at 2.69% copper. The exploration aims to extend and further define mineralisation both down-dip and along strike. Initial results from this drilling campaign are expected within 4-6 weeks. The exploration forms part of a broader strategy to develop multiple targets within its project area, including the Talisker anomaly, which presents potential for further copper discoveries. Somerset is advancing a dual-track exploration approach, emphasizing both Jura and Talisker, to maximize resource potential across the Coppermine Project.
Key Points
  • Drilling underway at Jura with notable intercepts of 42.7m at 2.69% Cu.
  • Targeting extensions and parallel structures at Jura.
  • Initial results expected in 4-6 weeks.
  • Part of a wider H1 2026 exploration at Coppermine.
  • Jura drilling covers ~3,000m of diamond drilling.
  • Talisker anomaly presents potential for multiple copper discoveries.
  • Exploration strategy includes refining targets with soil samples at Talisker.
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.