Expanding Their Land Package to 1400Km^2 $CPER.V (CopperCorp Resources) just announced some news about “significantly expanding the land package in Western Tasmania.” I’ll summarize the article below.
- $CPER has been granted 6 exploration licenses which add 1,208km2 in new mineral tenement holdings at the Company's Alpine and Skyline projects. Total combined holdings are now 1,400 km2 between the two projects
- All exploration licenses will have a copper-gold target commodity and will help build a larger exploration base
- Each exploration license will expire in 5 years
Here‘s the link to the full article if you're interested: https://ca.finance.yahoo.com/news/coppercorp-significantly-expands-land-package-120000155.html
$CPER.V is a recently IPOd exploration-stage company focusing on properties with Iron Oxide Copper Gold in Western Tasmania. They’re well funded for exploration with around $10.5M in cash. Plus, with both copper and gold prices rising due to supply crunches/inflation, I expect $CPER to be capitalize on the commodity price growth. Drilling/ground exploration programs are currently underway so I'm excited to see some of those results soon. The current market cap of $32M tied with their highly experienced management team definitely makes this a company to keep on the watchlist.