Woomera Mining's drilling programme at Bronze Fox project

Woomera Mining Limited (ASX:WML) is set to commence a drilling programme at the Bronze Fox copper/gold project in the world-class Mongolian Copper Belt. The programme, scheduled to begin in October, aims to extend the high-grade zone in proximity of hole F62 and focus on shallow infill and extension drilling to increase the resource base and convert the project EL to an ML. The final Earn-In Agreement with Kincora Copper Limited has been executed, allowing Woomera to earn an 80% interest in the Project by spending US$4m, with an option to acquire 100%.

Executive commentary on the drilling programme

The commencement of the drill programme marks the start of an exciting transformative period for Woomera progressing the Bronze Fox Copper-Gold Project in one of the world's most prospective copper belts. Drill rigs are to be mobilised this coming week, and we look forward to reporting the results in the next months.

Summary of Woomera Mining's ASX announcement

Woomera Mining Limited (ASX:WML) is commencing a drilling programme at the Bronze Fox copper/gold project in Mongolia to extend the high-grade zone and increase the resource base. The company has obtained all required administrative permits and signed the final Earn-In Agreement with Kincora Copper Limited. The Bronze Fox Project covers 175km2 in the Southern Gobi porphyry belt and represents an opportunity to secure an 80% interest in an underexplored world-class porphyry copper project with genuine Tier-1 potential. The project components include Bronze Fox Licences, JORC Compliant Resource and Exploration Target, existing mining licence, and an established in-country team of experienced geologists. The project is located proximal to several world-class mineral deposits. Woomera's Managing Director, Ralf Kriege, expressed enthusiasm for the start of the drill programme and the potential it holds for the company. The company's forward-looking statements emphasize the intention to explore future activities and acknowledge the associated risks and uncertainties. Woomera confirms that there is no new information materially affecting the original ASX announcement.