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 three main projects include the Nakru-01 copper-gold system containing 233,400 tonnes of copper and 11 350,000 oz gold 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.

A Conceptual Mining Study has been completed for Nakru-01. The upside is a significant potential for an increase in tonnage with further drilling.

Coppermoly Project Locations

	Simuku The Simuku prophyry 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. Barrick Gold Corporation now have a 72% stake in these projects.
	Simuku Wardens Hearing
	Nakru A maiden Inferred Resource was estimated by Golder Associates. Barrick to continue drilling within the higher grade supergene zone in the second half of 2012. Mineralisation occurs within breccia and volcanogenic hosted massive sulphide copper-gold (molybdenum) systems.
	Nakru-1 Drilling

Subscribe to receive Company announcements through our email alert service.