Welcome to Coppermoly

Coppermoly is focussed on exploring for and developing copper–gold-molybdenum deposits.

Our projects fit within our corporate strategy of exploring for versatile metals close to existing infrastructure. To date we have an inventory of over 2 billion pounds of contained copper in two deposits, with much more yet to be discovered from additional drilling.

Our two main projects include the higher grade Nakru Cu-Au system containing 267,000 tonnes of copper and the large 700,000 tonne copper deposit at Simuku in Papua New Guinea. Both systems contain an upper enrichment zone of secondary copper.

Coppermoly WNB 3D Fly-Through Presentation 2013
Projects

Nakru
An updated JORC Inferred Mineral Resource was calculated by Mining Associates in June 2017. The Inferred resource totals 29Mt at 0.92% Cu & 0.22 g/t Au using a cut-off grade of 0.3% Cu across two Cu-Au deposits at Nakru 1 & Nakru 2 for a combined total of 267 kt of Cu and 208 koz of Au (2Moz of Ag).

Simuku

Simuku
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.

Nakru-1 Drill rig

Barrick Gold Corporation still holds a nominal 28% interest in Nakru and Simuku (WNB Projects), which the Company has a binding agreement to acquire, completion of which will be effected on the payment of a further $4.5 million to Barrick within 6 months following the commencement of commercial production at the WNB Projects. Barrick do not have to contribute any further costs for exploration or development of the WNB Projects nor are they entitled to any profits from the projects.

Latest News

Nov 24, 2017
Results of AGM

Nov 24, 2017
Chairman's Address to Shareholders

Nov 22, 2017
Notice of December 2017 General Meeting

Oct 31, 2017
Sept 2017 ASX Quarterly

Oct 30, 2017
$2.87M Placement Agreement

Oct 26, 2017
2017 AGM Notice of Meeting

Sept 26, 2017
2017 Annual Report

Sept 6, 2017
Helicopter-Borne Geophysical Survey

July 27, 2017
June 2017 ASX Quarterly

June 22, 2017
Updated Inferred Mineral Resource Estimate for Mt Nakru



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