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Coppermoly (ASX: $COY) completes IP sounding survey at Foxtails and Shuffleton prospects

Coppermoly's December 2023 Quarterly Activities Report


Coppermoly Limited (ASX: $COY) has released its December 2023 Quarterly Activities Report, detailing the completion of an IP sounding survey at the Foxtails and Shuffleton prospects. The report also highlights the application for a new tenement in the Western Foldbelt of Mount Isa Inlier and the company's well-capitalized position with cash reserves of approximately $2.9 million as of 31 December 2023.

Executive Commentary


The completion of the IP sounding survey at the Foxtails and Shuffleton prospects marks a significant milestone in our exploration activities. The detection of anomalies and mineralization potential in these areas is encouraging and aligns with our strategic focus on copper gold projects in the Mount Isa Inlier. We are well-positioned to leverage these findings and continue our exploration efforts to unlock the full potential of our projects.

Summary


Coppermoly's completion of the IP sounding survey at the Foxtails and Shuffleton prospects has unveiled significant anomalies, indicating promising mineralization potential within the Mount Isa projects. The company's well-capitalized position provides a strong foundation for further exploration activities. With interests in multiple mineral exploration tenements and a focus on high-quality IOCG potential, Coppermoly remains committed to advancing its corporate strategy and unlocking the value of its projects. The outlook for the company includes continued exploration, leveraging the detected anomalies, and pursuing its ambitions in the highly prospective terrain of the Mount Isa Inlier.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zy5kyqxcst8m.pdf

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