Coppermoly is focussed on exploring for and developing copper – gold – molybdenum  and gold deposits in highly prospective Papua New Guinea on New Britain Island. Through an agreement with Barrick Gold Corporation, their projects are being assessed for their economic mineral potential through an on-going drilling programme.

Drilling confirms a major copper mineralised system at Nakru.At the Nakru-1 Prospect drilling intersected 213.75m grading 0.92% copper and 0.33 g/t gold. Drilling in 2010 confirmed mineralisation extendng to over a 500m strike length to at least 200m depth.

The Nakru-2 Prospect is one kilometer to the west of Nakru-1. Drilling by Coppermoly in 2008 intersected 54m grading 1.22% copper from 30m depth. This included an upper zone of primary massive sulphide of 8m grading 3.8% copper. In a drillhole 100m further west, Barrick intersected 64m of 0.59% copper.

The Simuku porphyry copper system has an Inferred Mineral Resource of 200 million tonnes grading 0.47% copper equivalent (0.3% Cu.Eq. cut-off) for 700,000 tonnes of copper (1.5 billion pounds). An overlying secondary enrichment blanket of copper mineralisation occurs in eleven drillholes including a 16m thick intersection at 1.0% copper.

Videos

Dec,2011 09:45 AM
Coppermoly (ASX: COY) adding t..
15 Dec 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk gives an update on drilling at Simuku and Nakru-1; the company’s tenements under application on New Britain Island; and explains what attracted it to the Esk Trough in Queensland.
Dec, 15 2011 - 15 Dec 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk gives an update on drilling at Simuku and Nakru-1; the company’s teneme...
Jul, 06 2011 - 06 July 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk reports on Barrick Exploration’s drilling at Nakru 1, drilling plans f...

Company Presentation

Coppermoly: Copper Conference ...
Apr, 12 2012 - Coppermoly Limited (ASX:COY) Managing Director, Peter Swiridiuk, details the company’s exploration for major copper-gold systems in Pap...

Coppermoly Limited (ASX:COY)

Company Directors

Mr Bob McNeil (Non Exec. Director)
Mr Ces Iewago (Non Exec. Director)
Mr Dal Brynelsen (Non Exec. Chairman, Non Exec. Director)
Mr Maurice Gannon (Executive Director, Alternate Director)
Mr Peter Swiridiuk (Managing Director)

Contact Information

Phone: 07 5592 2274
Email: info@coppermoly.com.au
Website: http://www.coppermoly.com.au
Address
Level 1, 94 Bundall Road, BUNDALL, QLD, Australia, 4217

Media Releases see all media releases

Coppermoly Ltd, Quarterly Report June 2012
31 Jul,2012 01:13 PM

HIGHLIGHTS

- Maiden Inferred resource announced at Nakru-01 of 38.4million tonnes @ 0.82% copper equivalent (using a 0.2% copper cut-off). A conceptual mining study on the deposit is expected to be completed in August.

- Barrick (PNG Exploration) Limited will fund and conduct a further $2.21m exploration program for the West New Britain projects in PNG. The 2012 exploration program will include drilling aimed at targeting the higher grade secondary copper enrichment zones at Nakru-01 and Simuku. This drilling will keep the tenements in good standing while Barrick seek to divest their 72% interest in tenements EL1043 (Nakru), EL 1445 (Talelumas) and EL 1077 (Simuku).

- Granting of Makmak tenement (EL 2014) on New Britain Island 100% to Coppermoly

- Completion of a nine-hole 654-metre reverse circulation (RC) drilling program which intersected a copper enrichment blanket at the White Horse prospect. Results revealed significant zones of shallow oxide and secondary copper mineralisation in all holes drilled including:
17m grading 1.4% Cu from 32m depth
30m grading 0.53% Cu from 1m depth
15m grading 1.09% Cu from 29m depth

- Appointment of Shawn Uldridge as Non-Executive Director who has twelve years’ financial market experience and co-founded William Shaw Securities in 2006.

Queensland-based explorer Coppermoly Limited (ASX:COY) is pleased to report its activities at the Company’s copper-gold projects on New British Island, Papua New Guinea (PNG) and south-east Queensland for the quarter ending 30 June 2012.


To view Report please download PDF below: