Expansion of Kanowna Gold Project

Cosmo Metals Ltd (ASX: $CMO) has expanded its Kanowna Gold Project (KGP) by acquiring three tenements, increasing its landholding to over 26km2. The expansion positions Cosmo alongside the 7Moz Au Kanowna Belle gold mine. The company will commence a 2,000m reverse circulation (RC) drilling program and a 4,000m aircore drilling program to follow up on known gold mineralization and test high priority targets in the KGP.

Executive Commentary

We have substantially expanded the KGP to provide a project footprint of scale within one of the world's great gold production districts and positioned alongside the 7Moz Au Kanowna Belle gold mine. We look forward to getting on the ground to complete site preparations for the RC drilling campaign scheduled to start later this week to drill high priority targets at the project which have not been tested below 150m depth.

Summary of Expansion and Outlook

Cosmo Metals Ltd has expanded its Kanowna Gold Project by acquiring three tenements, increasing its landholding to over 26km2. The expansion positions the company alongside the 7Moz Au Kanowna Belle gold mine, and it plans to commence a 2,000m RC drilling program and a 4,000m aircore drilling program to test priority targets. The company's ambitions are to explore and capitalize on the gold mineralization potential in the region, aiming to unlock the project's full potential and contribute to the gold production in the Eastern Goldfields of Western Australia.