West Cobar Metals' progress in exploration

West Cobar Metals (ASX:WC1) has released its Quarterly Activities Report for the period ending 30 September 2024. The report highlights significant progress in the company's exploration projects in New South Wales and Western Australia. Key developments include copper-antimony-silver mineralisation at Bulla Park and promising results from the Salazar Critical Minerals Project.

Summary and future outlook for West Cobar Metals

West Cobar Metals' latest quarterly report underscores their strategic focus on key exploration projects in NSW and WA. The company has identified substantial mineralisation at Bulla Park and promising targets at the Salazar Project. With plans for further drilling and resource estimation, WC1 is poised to expand its mineral resource base. Financially, the company is raising capital through equity offers and expects a R&D refund to support ongoing activities. WC1 remains committed to its core projects, having relinquished non-core initiatives to streamline operations. The company is optimistic about the market potential for antimony, copper, and critical minerals amid favorable macroeconomic conditions.

Executive commentary from West Cobar Metals

Diamond drilling at Bulla Park revealed a significant zone of copper-antimony-silver mineralisation, controlled by a major WSW trending fault. Notable intersections from drill hole BPD09 include 66m at 0.34% Cu, 0.13% Sb, and 7g/t Ag from 200m. The exploration indicates potential mineralisation along a 1.8km strike with horizontal widths around 350m and drill-intersected thicknesses of approximately 60m. The company plans additional drilling to explore higher-grade areas and establish a maiden antimony/copper mineral resource estimate.