JV option after Simuku resource

摘要

Coppermoly Ltd was to announce a maiden resource for its Simuku copper-molybdenum project in Papua New Guinea in April, following its first extensive drill-out. The resource, covering a third of the large porphyry mineralisation footprint, was expected to confirm Simuku as a sizeable system. Consequently, Coppermoly was assessing its options for the project (including potential JV arrangements), in order to gain the capital to develop it further.