Cooper Metals Ltd (ASX:CPM) has secured $116,532 under the Queensland Government’s Collaborative Exploration Initiative (CEI) to progress its exploration efforts at the Mt Isa East Copper-Gold Project in the state's northwest.
Enhanced regional gravity survey
The funding follows an enhanced regional gravity survey over around 150 square kilometres, spanning from King Solomon in the north to the Raven copper-gold prospect in the south.
This survey spotted multiple favourable structures, particularly at the contact between brittle and ductile lithological units, which pointed to the area's potential for mineralisation.
The gravity data, combined with existing geochemical and geophysical datasets, will support Cooper Metals in refining its pipeline of exploration targets across the Mt Isa East Project.
Demonstrated prospectivity
The region remains a key focus for the company due to its demonstrated prospectivity for copper and gold mineralisation.
Meantime, at the Gooroo Project in WA, Cooper Metals is encouraged by high-grade results from soil and rock-chip sampling, including assays of up to 48.3 g/t gold at the Foxglove anomaly.
The project lies within the Gullewa Greenstone Belt in the Murchison Province of the Yilgarn Craton, a region known for hosting orogenic gold and copper-gold deposits.
Cooper is actively pursuing regulatory approvals to begin drilling at Gooroo in the coming calendar year.
Exploration activities will face some delays as parts of the project area are designated for conversion into a nature reserve, requiring additional approvals.
Despite this, the company remains committed to forging ahead with exploration in the New Year and has submitted a program of works to secure consent for drilling high-priority targets in 2025.