Coppermoly is an explorer of copper-gold-molybdenum deposits on the island of New Britain in Papua New Guinea.

Most surface exploration has been completed and widespread copper/gold mineralisation has been defined close to essential infrastructure.

Funds will be used to develop a resource with the aim of taking at least one of these projects to pre-feasibility.

Papua New Guinea contains numerous major copper-gold-molybdenum deposits and produces 65 tonnes of gold and 200,000 tonnes of copper each year.