Conditions Precedent Satisfied on the Theseus Copper Gold Project

We have been actively evaluating several opportunities across the Lachlan Fold Belt because the area meets several of our high-level selection criteria: a strong mining jurisdiction, proximity to operating mines, and demonstrated economic scale potential. So, we are excited to have secured this strong ground position in the area and can begin our rigorous due diligence process.

Drawing upon world-leading experts, like Professor Bruce Schaefer, to assist our exploration team is a real positive for investors. This technical expertise, which is rarely seen in the junior space, gives Copper Search a significant advantage.

From a corporate view, the deal’s structure also highlights how we execute our new strategy to develop a pipeline of drill targets. The low-cost option allows us the flexibility to secure an opportunity for our shareholders and leverage our world-class team to make a fully informed decision—either to proceed with drilling or to walk away—before deploying significant amounts of shareholder capital.

Managing Director Duncan Chessell