Coppermoly Ltd is a mineral exploration and resource development company rapidly advancing an exciting portfolio of copper/gold exploration projects in the resource rich Mount Isa Region of QLD.
The newly refreshed management team are focused on the accelerated exploration program and resource definition of their high value QLD targerts. The Mt Isa Inlier is highly prospective for iron oxide copper gold (IOCG) and shear hosted Cu +/- Au deposits.
Exploration Projects in Australia
Coppermoly has significantly grown its exploration portfolio in the Mount Isa Inlier, one of the most prospective terrains for copper gold deposits in the world, all within a short distance to some of Australia’s largest producing copper assets.
As of November 2024, the company’s Mt Isa projects include four grantes tenements and four applied tenements, all within a short distance to some of Australia’s largest producing copper assets. Size of these with high-quality IOCG potential are located within the Eastern Succession and one for an Isa style copper system sits in the Western Foldbelt (Fig 1). All eight tenements are 100% owned (subject to pending applications) by the Company (Table 1).
| Exploration Permit | Area | Location |
|---|---|---|
| EPM 27835 Fox Creek | 320 km² | Mt Isa, Queensland |
| EPM 27836 Mount Tracey | 294 km² | Mt Isa, Queensland |
| EPM 28751 Windy Hill | 320 km² | Mt Isa, Queensland |
| EPM 28853 Malaoff | 305 km² | Mt Isa, Queensland |
| Applied Exploration Permits | ||
|---|---|---|
| EPM 28854 Mt Marathon | 310 km² | Mt Isa, Queensland |
| EPM 28981 Dynamite | 307 km² | Mt Isa, Queensland |
| EPM 29002 Jessievale | 35.5 km² | Mt Isa, Queensland |
| EPM 29102 Max Hit | 64.3 km² | Mt Isa, Queensland |
Historical
The district has a long history of copper production.
The Mount Isa Ore body has been producing for over 90 years and is believed to have held 300Mt @ ~3% Cu and 395 Mt zinc-lead-silver at ~6.9% zinc, ~3.6% lead, and ~69 g/t silver.
The majority of COY tenements fall within a 50km radius of the world class Ernest Henry mine discovery zone.
Situated in north-west Queensland, 36km north-east of Cloncurry, The Ernest Henry discovery is a testament to the region’s rich mineral wealth. Since its inception, Ernest Henry has emerged as one of the largest copper reserves in Australia and globally, boasting an estimated 167 million tonnes of ore grading 1.1% copper and 2.67 million oz of gold, with silver also being produced.
This mine not only highlights the extensive copper and gold resources found in the area but also underscores the immense potential for future exploration and discoveries. The continued success of the Ernest Henry mine serves as an inspiration for miners and investors, demonstrating the region’s capacity to yield significant mineral discoveries.
