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Company News
Peel Mining confirms high-grade supergene copper and gold mineralisation at Wagga Tank
Assays from drilling at Peel Mining’s (ASX: PEX) Wagga Tank tenement in central New South Wales have confirmed strong supergene copper and oxide gold mineralisation outside the existing mineral resource envelope. The company recently completed 15 vertical reverse circulation drill holes for a total of 2,248 metres, targeting potential supergene mineralisation associated with volcanogenic massive […]
More strong copper hits for Peel Mining at its two targets in NSW
Perth-based Peel Mining (ASX: PEX) has received further high-grade copper assays from its Wirlong and Mallee Bull projects near the historic Cobar mining centre in New South Wales. Assays also returned silver values in all cases. The two drilling programs are being carried out as part of Peel’s strategy to advance each of its deposits […]
Quarterly explorers round-up – what’s been happening in the small cap space?
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities. With rapidly rising inflation and volatile markets, the junior gold space continued to shine. Gold Gold explorers making headlines in the September quarter included: Kin Mining […]
Peel Mining launches $23m capital raising to advance South Cobar copper project
Perth-based explorer Peel Mining (ASX: PEX) has received binding commitments for a $23 million capital raising to advance the growth of its South Cobar copper project in western New South Wales. The raising will comprise a two-tranche placement and a share purchase plan for the issue of approximately 127.7 million new Peel shares at $0.18 […]
Peel Mining anticipates ‘significant increase’ to Wirlong copper resource following strong drill results
Peel Mining (ASX: PEX) anticipates a “significant increase” in resources for its Wirlong copper deposit following further positive assays. Part of Peel’s South Cobar project in New South Wales, Wirlong has generated a strong news flow of wide and high-grade copper drill results in recent months. In the latest assay batch, highlight intercepts were 43m […]
Mallee Bull drilling delivers strong copper results for Peel Mining
Assays from resource definition diamond drilling at Peel Mining’s (ASX: PEX) Mallee Bull deposit within the South Cobar project in New South Wales have delivered strong, high-grade copper results. Drilling commenced in April last year and was designed to infill existing inferred resources and confirm the deposit’s resource model. The results have highlighted the “outstanding […]
Hot copper: what’s driving the latest charge?
Three potentially significant discoveries over the past week have returned copper to the radar screens of investors, with the bonus being that demand for the metal appears to be outstripping supply, which can only mean a higher future price. Recharge Metals (ASX: REC), Tempest Minerals (ASX: TEM) and Culpeo Minerals (ASX: CPO) have all enjoyed […]
Peel Mining’s share purchase plan attracts $10.3m in subscriptions
After a $21 million placement, Peel Mining (ASX: PEX) has closed out its heavily oversubscribed share purchase plan, which attracted $10.3 million in subscriptions – more than five times the $2 million originally sought. The share purchase plan initially sought to raise $2 million but gained almost $10.3 million in subscriptions. In light of the […]
Peel Mining uncovers more high-grade copper at Mallee Bull and Wirlong
Base metals explorer Peel Mining (ASX: PEX) has unearthed more high-grade copper from ongoing drilling at its Mallee Bull and Wirlong deposits in New South Wales. The deposits lie within the company’s South Cobar project, situated about 100km south of the Cobar mining centre in the state’s west. The best assay from Mallee Bull resource […]
Peel Mining de-risks Wirlong copper deposit with Shuttleton Station acquisition
Peel Mining (ASX: PEX) has de-risked its Wirlong copper deposit after acquiring Shuttleton Station near Cobar in New South Wales, which will give the company “unencumbered access” to the asset and afford it tenure security as it moves towards development. The company has paid a 10% deposit of $183,000, with the remaining $1.647 million to […]
