Petratherm Limited's Woomera Project Update

Petratherm Limited (ASX: $PTR) is conducting a gravity survey to target potential copper accumulations over 'The Pines' (EL6918) tenement, part of the larger Woomera Copper-Gold Project in South Australia. The survey aims to locate gravity anomalies representing Tier-1 sized copper-gold accumulations at depth for drill testing.

Executive Commentary on Woomera Project Update

Petratherm Chief Executive Officer, Peter Reid, expressed enthusiasm for the gravity survey work, highlighting the potential to identify drill targets prospective for world-class sized accumulations of copper. He also noted the increasing demand for copper driven by the green energy transition.

Summary of Woomera Project Update

Petratherm Limited (ASX: $PTR) is actively targeting potential copper-gold accumulations in the Olympic Province through a gravity survey. The company aims to identify drill targets for Tier-1 sized accumulations of copper. The Woomera Project is strategically located in a world-class copper-gold district, surrounded by major exploration and mining operations. The gravity survey work is expected to yield initial results in the second half of April, with the company maintaining a positive outlook on the increasing demand for copper driven by the green energy transition.