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Coppermoly Limited ( (AU:COY) ) has shared an update.
Coppermoly Limited has announced the discovery of a major magnetic anomaly at its Copper Valley prospect within the Shuffleton project in Northwest Queensland. The anomaly, which spans over 2km in length and 1km in width, is situated on the eastern side of the Cloncurry Fault Zone. This discovery, along with high copper and nickel content in the area, highlights the potential for significant mineral resources, which could enhance the company’s operations and industry positioning.
More about Coppermoly Limited
Coppermoly Limited is a company operating in the mining industry, focusing on the exploration and development of copper and other base metals. The company is actively engaged in projects located in Northwest Queensland, with a particular emphasis on the Shuffleton project area.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €7.12M
Find detailed analytics on COY stock on TipRanks’ Stock Analysis page.