COY ASX Announcement
18 September 2015 ASX Code: COY
Grant of New Consolidated Exploration Licence
Coppermoly Ltd (Coppermoly) is pleased to announce the grant of new consolidated exploration licence by the PNG Mineral Resources Authority.
On behalf of the Board. Paul Schultz
Company Secretary Coppermoly Ltd
Suite 1B, 91 Upton Street Bundall, Queensland 4217 Email: [email protected].au Telephone: +61 7 5510 3994
About Coppermoly
As the Simuku prospect extends over both the Simuku and Talelumas exploration licences, Coppermoly decided to make application to consolidate the two licences. The new consolidated exploration licence was granted as EL2379 for a two year term commencing on 11 September 2015.
Figure 1: Coppermoly's current Exploration Licences on New Britain
On behalf of the Board. Paul Schultz
Company Secretary
Coppermoly's mineral exploration activities are focused entirely on the island of New Britain in PNG where it holds five exploration licences. These licences cover copper, gold, silver, zinc, molybdenum and iron mineralisation. The five current tenements are Nakru, Simuku, Makmak, Powell and Wowonga.