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Cooper Metals Limited ( (AU:CPM) ) has provided an announcement.
Cooper Metals Limited has agreed an asset swap with AIC Mines to acquire 100% of the Pyramid Gold Project in North Queensland’s Drummond Basin, while divesting its non-core Oorindi Project. The Pyramid project is an underexplored but high-quality gold asset in a prolific 5‑million‑ounce district, with historical high‑grade intercepts at the Gettysberg prospect and an largely untested 8‑kilometre fault corridor offering significant exploration upside.
The company plans to rapidly commence fieldwork at Pyramid, where multiple priority drill targets have already been identified, and to start a 1,400‑metre RC drill program at Ardmore North in Q2 2026 after the wet season. Cooper has also appointed veteran Queensland resources executive Hamish Collins as a technical and business development consultant and secured firm commitments to raise about $979,500 at a premium placement price to fund its expanded exploration program, strengthening its gold‑copper growth strategy and bringing AIC Mines on as its largest shareholder.
More about Cooper Metals Limited
Cooper Metals Limited is an Australian mineral exploration company focused on copper and gold projects, primarily in Queensland. Listed on the ASX under the ticker CPM, the company is building a portfolio of advanced exploration assets in established mining districts, aiming to capitalise on strong demand for precious and base metals.
Average Trading Volume: 137,143
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.53M
For an in-depth examination of CPM stock, go to TipRanks’ Overview page.