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West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.015 -0.004 (-18.92%)+
Announcement
Release
21 May 2026 8:18AM
Price at Release
$0.019
Full Release
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Summary
West Cobar Metals Limited (ASX: WC1) has significantly expanded its exploration efforts in the Cobar Basin, Australia, by securing the district-scale copper position with the grant of Exploration License EL9915. The newly secured area includes approximately 1,090km² of prospective land covering a 120km strike of Cobar stratigraphy. The Blind Freddie prospect, a priority target within this tenure, presents over 2.5km of copper and gold anomalies aligned with significant geological structures. This area, along with the Lilyvale and Bulla Park prospects, is underexplored but shows promise for concealing Cobar-style copper mineralization. The company plans to conduct gravity surveys, RAB and RC drilling programs in FY2026 to test these targets.
Key Points
  • WC1 expands copper footprint in Cobar Basin with EL9915.
  • Blind Freddie target shows over 2.5km copper and gold anomaly.
  • Priority targets include Blind Freddie, Lilyvale, and Bulla Park.
  • Cobar Basin tenures cover ~1,090km² along 120km strike.
  • Exploration programs include gravity surveys and drill testing for FY2026.
  • Bulla Park resource remains open, demonstrating potential for concealed mineral systems.
  • Historical data indicates substantial concealed copper potential beneath shallow cover.
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.