Exploration Update for Brumby Ridge Cu-Au Prospect

Cooper Metals Limited (ASX: $CPM) is pleased to announce the assay results for the Brumby Ridge diamond and RC drilling completed in February and March 2024. The results indicate the potential for significant Cu-Au mineralisation at the Brumby Ridge Cu-Au Prospect. The assay results are in line with the visual sulphides reported earlier, and the company's Managing Director, Ian Warland, expressed optimism about the exploration findings.

Executive Commentary on Brumby Ridge Exploration

The new drill assay results at Brumby Ridge are in line with visual results reported last month. Our new geological interpretation backed up by recent drilling and consultation, provides encouragement for investigating the potential for further crosscutting mineralised fault breccia zones that may have acted as feeder veins to the main NNW trending mineralised Cu-Au veins. Mineralisation remains open at depth and less than half of the identified strike length of the vein system has been drill tested. With the copper price near all-time highs and a healthy cash position, Cooper is excited to continue regional exploration focussing on the major NW trending regional Brumby Fault and its potential to host larger crosscutting mineralised fault breccia zones. We currently have teams in the field conducting important, targeted geochemical sampling and mapping over the area to delineate further drill targets.

Summary of Brumby Ridge Exploration Results

The assay results for the Brumby Ridge diamond and RC drilling indicate the presence of a mineralised NNW trending Cu-Au vein system over a strike length of approximately 400m, with only 120m drill tested so far. The results also suggest the presence of crosscutting narrow-mineralised fault-controlled breccia zones (MFBZ) which may have acted as feeder veins to the main mineralised Cu-Au veins. Cooper Metals remains optimistic about the potential for significant Cu-Au mineralisation at Brumby Ridge and is focused on maximizing the chance of a significant Cu-Au discovery by continuing to build and systematically test their pipeline of Cu-Au targets. The company's exploration team is currently conducting geochemical sampling and mapping to delineate further drill targets, with assay results for the regional RC drilling expected in late May.