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 Nakru-01 copper-gold system containing 233,400 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. At the Nakru-02 deposit 1 kilometre to the west of Nakru-01, drilling intersected a massive sulphide lens of 3 to 4% copper at 25m depth.

Coppermoly WNB 3D Fly-Through Presentation 2013
Projects

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.

Simuku

Nakru
A maiden Inferred Resource was estimated by Golder Associates.
Mineralisation occurs within breccia and volcanogenic hosted massive sulphide copper-gold (molybdenum) systems.

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

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

May 12, 2017
Mt Nakru Exploration Licence Renewed

May 3, 2017
Directors forgoing Cash for their Directors’ Fees

April 28, 2017
March 2017 ASX Quarterly

April 27, 2017
Extremely Encouraging Results for Nakru 2 Prospect

April 19, 2017
Coppermoly receives remaining results for Nakru 1 Prospect

March 30, 2017
Exercise of Unlisted Options

March 16, 2017
Coppermoly Successfully Completes Drilling Program



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