Welcome to Coppermoly

Coppermoly is focussed on exploring for and developing copper–gold-molybdenum deposits.

Our projects fit within our corporate strategy of exploring for versatile metals close to existing infrastructure. To date we have an inventory of over 2 billion pounds of contained copper in two deposits, with much more yet to be discovered from additional drilling.

Our two main projects include the Nakru-01 copper-gold system containing 233,400 tonnes of copper and the large 700,000 tonne copper deposit at Simuku in Papua New Guinea. Both systems contain an upper enrichment zone of secondary copper. At the Nakru-02 deposit 1 kilometre to the west of Nakru-01, drilling intersected a massive sulphide lens of 3 to 4% copper at 25m depth.

Coppermoly WNB 3D Fly-Through Presentation 2013
Projects

Simuku
The Simuku porphyry copper system has an Inferred Mineral Resource of 200 million tonnes grading 0.47% copper equivalent (0.3% Cu.Eq. cut-off) for 700,000 tonnes of copper.

Simuku

Nakru
A maiden Inferred Resource was estimated by Golder Associates.
Mineralisation occurs within breccia and volcanogenic hosted massive sulphide copper-gold (molybdenum) systems.

Nakru-1 Drill rig

Barrick Gold Corporation still holds a nominal 28% interest in Nakru and Simuku (WNB Projects), which the Company has a binding agreement to acquire, completion of which will be effected on the payment of a further $4.5 million to Barrick within 6 months following the commencement of commercial production at the WNB Projects. Barrick do not have to contribute any further costs for exploration or development of the WNB Projects nor are they entitled to any profits from the projects.

Latest News

July 28, 2016
June 2016 ASX Quarterly report

April 29, 2016
March 2016 ASX Quarterly report

April 11, 2016
Issue of Securities

March 30, 2016
Results of General Meeting

March 10, 2016
Financial Report for the half year ended 31 Dec 2015

February 26, 2016
Notice of General Meeting

January 28, 2016
December 2015 ASX Quarterly report

January 21, 2016
Placement Agreement with Ever Leap Services Ltd

November 23, 2015
Results of 2015 AGM



Subscribe
Subscribe to receive Company announcements through our email alert service.
email:
 
name:
 
\