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Coppermoly Limited (ASX:COY)

ALERT: Price-sensitive ASX Announcement for COY
Current share price for COY : $0.003 -0.011 (-78.57%)+
Announcement
Release
30 Apr 2025 4:34PM
Price at Release
$0.014
Full Release
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Summary
In the March 2025 quarter, Coppermoly Limited (ASX: COY) achieved significant milestones, including two successful capital raisings totaling $1.75 million and the appointment of Dickson Leah as the new Managing Director and CEO. Notably, the Copper Valley Prospect saw a major magnetic anomaly discovered, measuring 2 km by 1 km, following an extensive ground magnetic survey of 143 line kilometers. At the Malakoff Prospect, 183 line kilometers of magnetic surveying and nine induced polarization sounding lines were completed, identifying four large magnetic anomalies and setting the stage for planned test drilling in the second quarter of 2025. Overall, the company advanced its exploration efforts while also enhancing its leadership team.
Key Points
  • Successful completion of two capital raisings amounting to $1.75 million
  • Appointment of Dickson Leah as Managing Director & CEO
  • Discovery of a major magnetic anomaly at Copper Valley Prospect
  • Completion of 143 line km ground magnetic survey at Copper Valley
  • Completion of 183 line km ground magnetic survey at Malakoff Prospect
  • Identification of four large magnetic anomalies at Malakoff
  • Planned test drilling for Ernest Henry style mineralisation in Q2 2025
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.