Coppermoly is focussed on exploring for and developing copper – gold –molybdenum  and gold deposits in highly prospective Papua New Guinea.

The Company listed on the Australian Stock Exchange in January 2008, with advanced projects that are close to infrastructure that will be essential for possible future developments.

Major exploration and drilling programs were successfully completed in Coppermoly’s first year. Highly significant assay and exploration results were returned, that demonstrated excellent high-grade primary and secondary mineralised zones at the three prospect areas investigated. Drill highlights included 27.7m grading 1.90% copper and 73m grading 0.96% copper. Trench results included 19m grading 4.3% copper and 18m grading 0.92% copper + 0.46g/t gold.

Geophysical results indicate large anomalies related to significant copper and gold grades. These anomalies are yet to be fully tested by drilling.

Future exploration will further quantify and enhance these promising mineral deposits. Previously unassessed gold targets in the Exploration Licenses are now also being followed up.

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