The Board of Directors of Coppermoly Limited (ASX:COY) (“the Company”) has resolved not to proceed with the farm-in to the Esk Trough Project and has notified ActivEX Limited (ASX:AIV) accordingly.
The Company thanks ActivEX Limited for its contributions to a very constructive partnership and wishes it every success in the future exploration of the project.
Coppermoly Limited intends to renew its focus upon its exploration assets on New Britain Island in Papua New Guinea.
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