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The latest announcement is out from Coppermoly Limited ( (AU:COY) ).
Coppermoly Limited reported March quarter activities marked by delays to planned geophysical surveys at its Mt Isa prospects in Queensland because its preferred geophysicists were working overseas, postponing high-resolution ground magnetics work to the current quarter. The company also confirmed it has withdrawn its application for the Jessieville exploration permit, after being ranked second priority and deciding not to pursue the limited remaining ground.
In Western Australia, Coppermoly completed the acquisition of a 100% interest in the Wyemandoo Project through the purchase of multiple exploration tenements from Aldoro Resources and Altilium Metals. The transaction consolidates Coppermoly’s position in the Mount Magnet region and shifts near-term operational focus towards advancing its newly acquired WA portfolio once geophysical work resumes in Queensland.
More about Coppermoly Limited
Coppermoly Limited is an ASX-listed mineral exploration company focused on base and precious metals projects in Australia. Its key assets include exploration prospects in the Mt Isa district near Cloncurry in northwest Queensland and the Wyemandoo project area near Mount Magnet in Western Australia, where it is building a portfolio of early-stage tenements.
Average Trading Volume: 512,892
Technical Sentiment Signal: Sell
Current Market Cap: A$7.94M
See more insights into COY stock on TipRanks’ Stock Analysis page.