M3 Mining announces discovery of new copper occurrences

M3 Mining Limited (ASX: $M3M) has announced the discovery of fourteen unrecorded historic copper workings at the Victoria Bore Project in Western Australia. The findings were confirmed by portable x-ray fluorescence (pXRF) and include a 1.3km long copper anomaly surrounding the workings. Follow-up work is planned to further define the copper occurrences, with grab samples dispatched for analysis and results expected within the current quarter.

Executive Director Simon Eley's commentary on the discovery

M3 Mining is thrilled to share that additional copper oxide occurrences have been found 3km to the southeast of the historic Victoria Bore Copper Mine. The team will focus on identifying the scale and nature of the copper mineralisation across the 600m extent where the fourteen workings were found. The importance of copper continues to grow and is expected to remain a critical commodity moving forward. M3 Mining is well placed to take advantage of this with its recent success and significant land holding in the district.

Summary of the discovery and outlook

M3 Mining's discovery of new copper occurrences at the Victoria Bore Project is a significant development, with the potential to expand the company's mineral reserves. The planned further exploration and analysis of grab samples aim to provide a clearer understanding of the scale and nature of the copper mineralisation. With the growing importance of copper as a critical commodity, M3 Mining's strategic land holding in the district positions the company well to capitalize on this discovery. The upcoming assay results in late June 2024 will provide valuable insights into the potential of the newly discovered copper occurrences, shaping the company's future exploration and development plans.