Coppermoly Acquires 100% Stake in Wyemandoo Project in Western Australia
Coppermoly has acquired a 100% stake in the Wyemandoo Project in Western Australia, purchasing tenements from Aldoro Resources and Altilium Metals. This acquisition expands their project area to 1,805km² and focuses on critical minerals exploration, particularly rubidium, titanium, tantalum, and tungsten. Recent findings indicate substantial tungsten potential and notable grades of rubidium oxide and tantalum mineralization.
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Coppermoly (COY) has acquired a 100% stake in the Wyemandoo Project in Western Australia, enhancing its portfolio by obtaining tenements E57/1017, E58/555, and E58/571 from Aldoro Resources, along with shares of Altilium Metals, which holds tenement E59/2431. This acquisition adds four new tenements, increasing the total area to 1,805km².
The Wyemandoo Project, located 80km south-east of Mount Magnet, spans 259.25km² and presents opportunities for exploration of critical minerals, notably rubidium, titanium, tantalum, and tungsten. Recent assessments reveal tungsten grades from 0.01% to 13.1%, rubidium oxide grades from over 0.1% to 0.5%, and tantalum concentrations up to 4,800ppm.
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