Annual Report (2024)

I am pleased to report that over the last 12 months, the Copper Search team has been diligently pursuing our mission to discover the next large-scale copper deposit in the Gawler Craton – an area renowned for hosting world-class mines such as BHP’s Olympic Dam, Prominent Hill, and Carrapateena.

Following the successful conclusion of our extensive multi-year project to analyse historical data and merge it with newly acquired drilling and geophysical information, we have gained a thorough understanding of the Peake Project which will be further updated as drilling and assay results come to hand.

This approach enabled us to design drill programs to test some of the most promising, large-scale targets that exhibit the highest economic potential across the 5,035 km2 tenement package.

When we founded Copper Search in 2021, we were convinced that the world was marching toward a carbon-neutral future. We recognised that this global transition would inevitably lead to increased demand for copper, an essential ingredient in producing electric vehicles, wind turbines, and other electronics. Although some areas of the green energy revolution, such as electric vehicle sales, have experienced a slowdown in the past year, I am confident that these are temporary bumps in the road. Our commitment to discovering new copper resources will benefit Copper Search shareholders and contribute significantly to the essential green energy transition.

I would like to thank my fellow directors, Managing Director Duncan Chessell, and the Copper Search team for another productive year. I would also like to sincerely thank the communities involved in our project areas. The Arabana people, the traditional owners of the land on which the Peake Project is located, along with the Williams Cattle Company and the community of William Creek, have been exceptionally cooperative and supportive. Collaboration with all stakeholders is a key ingredient for the success of a modern explorer.

I look forward to sharing the next chapter of this exciting journey with you.

Chris Sutherland

Chairman
Copper Search