Overview of Hammer Metals Ltd's (ASX:$HMX) recent high-grade assay results

Hammer Metals Ltd (ASX:HMX) has released outstanding new high-grade assay results from Reverse Circulation (RC) drilling completed in September at the Hope South and nearby Mt Mascotte prospects, within its Mt Isa portfolio in North Queensland. The results include significant intercepts such as 14m at 3.34% Cu and 0.72g/t Au from 113m at South Hope, and 4m at 2.82% Cu and 3.84g/t Au from 104m at Mt Mascotte. These results extend the shallow zone of high-grade copper-gold mineralisation, demonstrating the attractiveness of these prospects for future development.

Executive commentary on the high-grade assay results

Hammer's Managing Director, Daniel Thomas, expressed satisfaction with the results, stating, 'These outstanding results cap a highly successful drilling program and offer some great opportunities for further follow-up in early 2024. The high-grade nature of the mineralisation at Mt Mascotte and South Hope provides further evidence of the attractiveness of these prospects, which continue to deliver significant wide high-grade copper intercepts from shallow depths. As the copper inventories of the region grow, these prospects offer good grades of mineralisation close to surface and will provide opportunities for future development of the deposits in the region.'

Summary of Hammer Metals Ltd's (ASX:HMX) high-grade assay results and future outlook

Hammer Metals Ltd (ASX:HMX) has reported exceptional high-grade assay results from its drilling program in North Queensland, showcasing the significant potential of the Hope South and Mt Mascotte prospects. The company anticipates further follow-up in early 2024 and sees these results as evidence of the attractiveness of these prospects for future development. With the region's copper inventories growing, the prospects offer good grades of mineralisation close to the surface, presenting opportunities for future development. Hammer Metals remains focused on discovering large copper-gold deposits and holds a strategic tenement position covering approximately 3,000km² within the Mount Isa mining district, with various prospective targets at different testing stages. The company's future newsflow includes a Mount Isa East Joint Venture drilling program and results in December/January, followed by a Mount Isa Drilling Program and Yandal Lithium Project Reverse Circulation drilling program in Q1 2024.