Coppermoly Ltd (COY)

Coppermoly Limited is an Australia-based exploration company. The Company targets porphyry style large scale-low grade projects prospective for copper, gold and molybdenum. The Company’s projects are located on New Britain Island in Papua New Guinea (PNG). The Company’s projects include Mt Nakru, Simuku, Mak Mak, Kori River and Metelen River. The Mt Nakru Cu-Au project (EL1043) comprises two deposits, Nakru 1 and Nakru 2, which are approximately 1.5 kilometers (km) apart. The Mt Nakru tenement covers approximately 47 square kilometers (km2). The Simuku project comprises exploration license EL2379 on the island of New Britain in Papua New Guinea. The tenement (EL2379) covers approximately 122.7 km2. The Mak Mak project is a Greenfields exploration tenement that lies proximal to the Nakru tenement. The Kori River prospect comprises 116 sub-blocks, covering an area of approximately 315 km2. The Metelen River tenement occupies an area of approximately 246 km2.