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Coppermoly Limited ( (AU:COY) ) has provided an update.
Coppermoly Limited announced the issuance of 70,000,000 fully paid ordinary shares, which are exempt from the usual disclosure requirements under the Corporations Act 2001. This move aligns with the company’s compliance with regulatory provisions and aims to facilitate the accelerated exploration and resource development of its projects in Queensland, potentially enhancing its standing in the mineral exploration sector.
More about Coppermoly Limited
Coppermoly Ltd is a mineral exploration and resource development company working on copper, gold, and molybdenum projects in the Mount Isa Region of Queensland, Australia. The company is focused on advancing its exploration and resource definition efforts in this highly prospective area, particularly targeting iron oxide copper gold (IOCG) and shear hosted copper and gold deposits.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.87M
Find detailed analytics on COY stock on TipRanks’ Stock Analysis page.