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The latest update is out from Canterbury Resources Ltd. ( (AU:CBY) ).
Canterbury Resources has commenced a major diamond core drilling program at its Briggs Copper Project in central Queensland, one of Australia’s largest undeveloped copper assets with a substantial existing resource of copper, molybdenum and silver. The campaign is part of a broader pre-feasibility study evaluating a large-scale, long-life open pit operation using conventional processing to produce saleable copper concentrate.
The 2026 drilling phase will comprise about 45 diamond holes totaling 14,000 metres, targeting both resource conversion and growth while supplying material for metallurgical testwork. Aligned with metallurgical, environmental and early engineering workstreams, and funded under an earn-in by JV partner Alma Metals, the program is designed to upgrade the mineral resource estimate, refine mine design and strengthen Briggs’ position among scarce, tier-one copper development opportunities.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is an ASX-listed mineral exploration and development company focused on large-scale copper projects in Australia. Its flagship Briggs Copper Project in central Queensland targets long-life, open-cut production of copper concentrates using conventional flotation, benefiting from proximity to the port of Gladstone and strong regional infrastructure.
Average Trading Volume: 308,098
Technical Sentiment Signal: Buy
Current Market Cap: A$9M
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