SUMMARY
EXPLORATION
In the March Quarter, Copper Search (ASX: CUS) concentrated its exploration efforts on completing a large-scale IP geophysical survey at the Paradise Dam Prospect and combining that data with all the new drilling information collected during the 2023 drilling season, taking another step toward discovering a new copper deposit at the Peake Project in the Gawler Craton, South Australia.
The exploration team primarily focused on using the new data sets collected to improve drill target identification in preparation for the 2024 drilling season. The fruits of this process were evident in February when the Company announced the identification of a new drill target on a significant north-west structure at the Paradise Dam Prospect, validated by the IP geophysical survey and diamond core drilling.
During the quarter, the Company also presented the final assays from the follow-up RC and diamond core drilling in Q4, 2023, at the Paradise Dam Prospect and Richard Dam Prospect (Target AC02) – ASX Announcement 11 February 2024.
Heritage clearances and drill permitting were also completed to allow further drilling at the Peake Project in 2024.
The cash position on 31 March 2024 was $2.6 million.
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