CUS - Copper Search

[System]

Copper Search is a mineral exploration and development company focused on the Gawler Craton Region in South Australia. The Company has secured ten mineral exploration licences (and has applied for an additional mineral exploration licence) in the Gawler Craton Region, covering a total area of 6,673km2. The Company has identified four main project areas comprising the Peake and Denison, Mt Arthur, Ruby Hill and Billa Kalina projects (the Projects), together with an additional potential project, Titan North.

Since the acquisition of the Projects, the Company has:

• undertaken broad scale analysis of existing geophysical data over the Project areas to identify areas of interest;
• identified in excess of 12 high priority drilling targets; and
• obtained all necessary consents and approvals from the Department of Energy and Mining (South Australia), heritage clearances and Department of Defence approvals required in order to commence an initial drilling program at two targets located within the Billa Kalina Project area.

Copper Search is seeking to continue its exploration activities in respect of the Projects with an aim of identifying and delineating IOCG or similar large scale mineral deposits. Following completion of its IPO, the Company intends to undertake an exploration work program in order to identify and define mineral resources capable of sustaining independent and viable mining operations. In the future, the Company will also seek to identify new opportunities to expand its current portfolio of projects.

It is anticipated that CUS will list on the ASX during September 2021.

Home | Copper Search

Copper Search Ltd (CUS) is a junior mineral explorer with projects prospective for in demand battery metals focussing on copper. CUS aims to create value for shareholders through large scale discovery success.

coppersearch.com.au

 

[Dona Ferentes]

Listing date	09 September 2021 11:30 AM AEST ##
Contact details	Copper Search Australia – targeting world class copper-gold coppersearch.com.au Ph: +61 8 6159 9100
Principal Activities	Minerals Exploration
GICS industry group	TBA
Issue Price	$0.35
Issue Type	Ordinary Fully Paid Shares
Security code	CUS
Capital to be Raised	$12,000,000
Expected offer close date	23 August 2021
Underwriter	Not underwritten. amicaa Advisors Pty Ltd and Alto Capital (Joint Lead Managers)

 

[Dona Ferentes]

a week later, but now up and running:

CUS opened at 40c, hit 44c soon after and has settled to trade, still above the 35c IPO , at 40c

 

[Dona Ferentes]

CUS opened at 40c, hit 44c soon after and has settled to trade, still above the 35c IPO

but that was then.

2 years later. ... Some $5.8M in the kitty, at end June. Newsflow rather patchy.
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since inception;

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Assays confirm IOCG style mineralisation in drilling - The Peake Project, South Australia

Summary
• Drill hole 23PK01 on the Target AC23 within the Peake Project, SA, has successfully intersected shallow IOCG-style mineralisation - confirmed in assays from diamond core samples
• Multiple narrow intervals of typical IOCG elements were intersected including:copper up to 0.45%; gold up to 5.35 g/t Au; uranium up to 64 ppm; and IOCG pathfinder elements Ce+La up to 2025 ppm
• Target AC23 has a significant 3.8 mGal gravity anomaly with a footprint of 1,400m by 800m, and is located on the fertile Karari Shear Zone
• 23PK01 was drilled to 458m at limit of rods and cased for re-entry subject to assays and IP survey results and may not have fully tested the target
• An IP geophysics survey was completed over the weekend for potential follow-up drill testing

The Company will update the market on potential drilling plans for Target
AC23 in early August.

.... 2 months later; nada

 

[Dona Ferentes]

Copper Search (ASX:CUS) - Webinar Presentation - ShareCafe

Duncan Chessell, CEO, Copper Search (ASX:CUS) is targeting world class Copper-Gold deposits within the Gawler Craton of South Australia.Copper Search is targeting world class Copper-Gold deposits within the Gawler Craton of South Australia.

www.sharecafe.com.au

 

[Dona Ferentes]

find something and the SP runs.
.. raise capital and SP heads back down

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Strong Support for Placement to Fund Drilling at the Peake Project
Copper Search is pleased to advise that it has successfully received commitments to issue 20 million fully paid ordinary shares in the capital of the Company at an issue price of 10 cents per Share, under a private placement to sophisticated, professional and institutional investors, to raise $2 million (before expenses).

In addition to the Placement mentioned above, the Directors have subscribed for $130,000 of Shares on the same terms - Shareholder approval will be sought at a meeting of shareholders to be convened mid-year.

Participants in the Placement will also receive (1) unquoted option to acquire (1) Share for every (2) Shares issued in this placement for nil additional consideration (Attaching Options) at an exercise price of 15 cents and expiring in three years (31/7/27).

The proceeds of the Placement are intended to be principally applied to:
• Peake Project Winter Drilling Program - Douglas Creek and Paradise Dam Prospects commencing next week;
• Regional exploration of Peake Project including assessment of the gold prospectivity of the Mt Denison claim;
• General working capital expenses; and
• Business development.

 

[frugal.rock]

Newsflow rather patchy.

CUS CUS
Chart update.