Quarterly Activities Report (September 2023)

EXPLORATION

The September Quarter saw Copper Search expand its drilling program at the Peake Project in the Gawler Craton, South Australia. The Peake Project is prospective for Iron-Oxide-Copper-Gold (IOCG). The ongoing drilling program has been designed to test multiple largescale targets identified during an extensive project-wide review and by geophysical surveys undertaken over the last 12 months.

During the September quarter, the Copper Search team, drill tested three high-priority targets and conducted new geological surveys to refine targeting on potential follow-up drilling programs. All the new data collected has led the exploration team to focus its efforts on the Karari Shear Zone (KSZ). This geological structure runs NE-SW through the project and has proven to be fertile with IOCG-style drill intersections 18km apart at the neighbours (AIC Mines/BHP) Wills Prospect and CUS Target AC23.

Preparations for a six-hole RC drill program to follow up previous success from a single hole at Target AC23 were also made, with that drilling underway at the time of writing.