Profile: Coppermoly Ltd (COY.AX)

COY.AX on Australia Stock Exchange

1 May 2015
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Coppermoly Limited (Coppermoly) is an Australia-based mineral exploration company. Coppermoly is focused on exploring for and developing copper–gold and molybdenum deposits. Currently the Company has an inventory of over 2 billion pounds of contained copper in two deposits. The Company’s two main projects include the Nakru-01 copper-gold system which when  drilling intersected a massive sulphide lens of 3 to 4% copper at 25m depth, and the copper deposit at Simuku in Papua New Guinea. Both systems contain an upper enrichment zone of secondary copper. The Simuku porphyry copper system has an Inferred Mineral Resource of 200 million tons grading 0.47% copper equivalent for 700,000 tons of copper. Barrick Gold Corporation now has a 28% stake in these projects.

Company Address

Coppermoly Ltd

Level 1, 91 Upton Street, Bundal
P: +617.55103994
F: +617.55103997

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