Coppermoly (COY) has expanded its Australian portfolio by acquiring a 100% stake in the Wyemandoo Project in Western Australia (WA).
This acquisition was achieved through the purchase of tenements E57/1017, E58/555 and E58/571 from Aldoro Resources, as well as acquiring the fully paid ordinary shares of Altilium Metals, which holds tenement E59/2431.
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It adds four new WA tenements to COY’s existing projects in Queensland, increasing their total project area to 1,805km².
Located approximately 80km south-east of Mount Magnet, the Wyemandoo Project covers a contiguous licence area of 259.25km² along the south-eastern edge of the Windimurra Igneous Complex.
The project represents a significant opportunity for COY in the realm of critical minerals exploration, particularly focusing on commodities such as high-grade rubidium, titanium, tantalum and tungsten within an extensive pegmatite fairway spanning more than 10km.
Recent findings highlight substantial tungsten potential within a 4.5km corridor, where rock chip samples have shown tungsten grades ranging from 0.01% to 13.1%.
Furthermore, drill-hole intercepts have revealed rubidium oxide grades ranging from more than 0.1% to 0.5%, with widths between 2m and 20m.
Tantalum mineralisation has been observed, with rock chip concentrations varying from 0.02 parts per million (ppm) to 4,800ppm.
Coppermoly managing director Dickson Leah said: “We are very pleased to announce the acquisition of the Wyemandoo project from Aldoro Resources. This transaction represents a key step in Coppermoly’s strategy to secure high-quality, advanced critical mineral projects in Western Australia.
“The Wyemandoo tenements, known for lithium-rubidium and significant tungsten mineralisation, directly complement our existing exploration efforts. These assets present immediate, targeted drilling opportunities, including 1,500m of planned RC [reverse circulation] holes, following encouraging surface rock chip results.”
