Drilling Update – Paradise Dam Prospect, Peake Project

Copper Search Ltd (ASX: CUS) announces the completion of the first diamond core drill hole testing the Paradise Dam Prospect at the Company’s Peake Project in South Australia’s Gawler Craton of the Winter Drilling 2024 Program.

No significant visual economic mineralisation was observed in drill hole ID 24PK13, drilled to a 542m depth at the Paradise Dam Prospect. Drilling intersected concordant disseminated diagenetic pyrite (Fe2S) mineralisation in sufficient quantities contained in interbedded sandstone and shale units t explain the strong chargeability anomaly measured by the IP geophysics survey completed in January. The Company intends to collect a few select samples for lithological, geochemical reference and near-miss analysis but does not expect economic results from these samples.

The rig will now move to the Douglas Creek IOCG Prospect and commence drilling a planned 300m to 600m deep diamond core drill hole to test a high prioritycoincident magnetic and gravity anomaly.

Drilling is expected to be completed by late July.