Peel Mining Advances South Cobar Copper Project with New Resource Estimates

An announcement from Peel Mining Limited ( (AU:PEX) ) is now available.

Peel Mining Limited has announced significant progress in its pre-feasibility study for the South Cobar Copper Project, which is centered around the Mallee Bull and Wirlong copper deposits. Recent drilling success at Wagga Tank has led to an upgraded open pit mineral resource estimate, which could significantly lower upfront capital costs and reduce development timeframes. The company is also exploring alternative processing solutions, including utilizing existing regional milling capacity, to minimize environmental impacts and operational risks. These developments are expected to strengthen Peel Mining’s position in the copper market and offer potential benefits to stakeholders by optimizing resource utilization and reducing costs.

More about Peel Mining Limited

Peel Mining Limited operates in the mining industry, focusing on the exploration and development of copper and gold deposits. The company’s primary projects include the Mallee Bull and Wirlong copper deposits, located in the Cobar Basin, New South Wales, Australia. Peel Mining is dedicated to advancing its South Cobar Copper Project, which aims to leverage existing regional processing infrastructure to optimize development costs and timelines.

YTD Price Performance: -44.29%

Average Trading Volume: 5,333

Technical Sentiment Signal: Strong Buy

Current Market Cap: €23.4M

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